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An announcement from Wickes Group ( (GB:WIX) ) is now available.
Wickes Group PLC has announced the purchase of 26,617 of its own ordinary shares as part of its ongoing buyback program. The company intends to cancel these shares, which will reduce its total issued share capital to 234,703,595 shares. This move is part of a broader strategy to manage its capital structure and could impact shareholder value by potentially increasing earnings per share.
The most recent analyst rating on (GB:WIX) stock is a Buy with a £275.00 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 industry, providing a range of products and services for home renovation and DIY projects. The company focuses on offering quality building materials, tools, and home improvement solutions to both professional tradespeople and DIY enthusiasts.
Average Trading Volume: 555,437
Technical Sentiment Signal: Buy
Current Market Cap: £497.2M
For detailed information about WIX stock, go to TipRanks’ Stock Analysis page.