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Wickes Group ( (GB:WIX) ) has issued an update.
Wickes Group PLC has repurchased 67,734 of its ordinary shares at a weighted average price of 231.1111 pence as part of its ongoing buyback program. This transaction, which will see the shares cancelled, is part of a broader strategy that has already seen the company buy back a total of 4,660,812 shares, reducing the total number of voting rights to 237,405,487. This move is likely aimed at enhancing shareholder value and optimizing the company’s capital structure.
The most recent analyst rating on (GB:WIX) stock is a Buy with a £2.40 price target. To see the full list of analyst forecasts on Wickes Group stock, see the GB:WIX Stock Forecast page.
Spark’s Take on GB:WIX Stock
According to Spark, TipRanks’ AI Analyst, GB:WIX is a Outperform.
The overall stock score of 73 reflects strong technical analysis and positive corporate events, particularly the share buyback program, which enhances shareholder value. Moderate financial performance and valuation further support the stock’s rating, while the absence of earnings call data was not factored in.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
Wickes Group PLC operates in the home improvement retail industry, offering a range of products and services focused on building materials, home improvement supplies, and DIY solutions. The company primarily serves the UK market, catering to both professional tradespeople and DIY enthusiasts.
Average Trading Volume: 959,612
Technical Sentiment Signal: Buy
Current Market Cap: £533M
For an in-depth examination of WIX stock, go to TipRanks’ Overview page.