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The latest announcement is out from Wickes Group ( (GB:WIX) ).
Wickes Group PLC announced the purchase of 97,938 of its own ordinary shares at an average price of 233.17 pence per share, as part of its ongoing share buyback program. The company plans to cancel these shares, reducing its total issued share capital to 233,561,023 shares. This move is part of Wickes’ strategy to enhance shareholder value and optimize its capital structure, potentially impacting its market positioning and shareholder interests.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £253.00 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.
The overall stock score of 65 reflects moderate financial health with strong cash flow generation but challenges in revenue growth and high leverage. The technical analysis indicates strong bullish momentum, which is a positive factor. However, the valuation suggests the stock may be slightly overvalued, which tempers the overall score.
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 DIY enthusiasts and professional builders. The company focuses on providing high-quality home improvement solutions across the UK market.
Average Trading Volume: 526,984
Technical Sentiment Signal: Buy
Current Market Cap: £521M
See more insights into WIX stock on TipRanks’ Stock Analysis page.