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The latest update is out from Wickes Group ( (GB:WIX) ).
Wickes Group PLC has announced the purchase of 33,192 of its own ordinary shares as part of its ongoing buyback program. The company plans to cancel these shares, which will adjust its total issued share capital to 236,000,116 shares, impacting the number of voting rights and potentially influencing shareholder calculations under regulatory rules.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £2.00 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 stock score is primarily influenced by moderate financial performance and weak technical indicators. The company’s strong cash flow generation is a positive factor, but high leverage and declining revenue growth pose risks. The stock’s valuation appears high, though the dividend yield offers some appeal. Overall, the stock faces challenges in market momentum and valuation, impacting its attractiveness.
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, offering a range of products and services including building materials, home improvement supplies, and related services. The company focuses on providing quality products for both DIY enthusiasts and professional tradespeople.
Average Trading Volume: 826,905
Technical Sentiment Signal: Buy
Current Market Cap: £455.2M
For an in-depth examination of WIX stock, go to TipRanks’ Overview page.