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Wickes Group ( (GB:WIX) ) has provided an announcement.
Wickes Group PLC has announced the purchase of 48,621 of its own ordinary shares as part of an ongoing buyback program. These shares will be canceled, reducing the company’s issued share capital to 235,305,551 shares. This move aims to optimize the company’s capital structure and potentially enhance shareholder value by reducing the number of shares in circulation, thereby increasing earnings per share.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £225.00 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 Neutral.
Wickes Group’s overall stock score reflects moderate financial health with strong cash flow but challenges in revenue growth and high leverage. Technical indicators suggest potential resistance and bearish momentum, while valuation metrics indicate fair value with an attractive dividend yield. The absence of earnings call and corporate events data limits further insights.
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 for home renovation and maintenance. The company focuses on providing quality building materials, tools, and services to both DIY enthusiasts and professional tradespeople.
Average Trading Volume: 657,282
Technical Sentiment Signal: Buy
Current Market Cap: £487.3M
Find detailed analytics on WIX stock on TipRanks’ Stock Analysis page.