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An announcement from Wickes Group ( (GB:WIX) ) is now available.
Wickes Group PLC has announced the purchase and cancellation of 30,000 of its Ordinary Shares at a price of 239 pence each as part of its ongoing share buyback program. This transaction brings the total number of shares repurchased since the program’s inception to 8,987,321, reducing the company’s issued share capital to 233,078,978 shares. The cancellation of these shares will adjust the total number of voting rights, impacting shareholder calculations under the Financial Conduct Authority’s Disclosure and Transparency Rules.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £235.00 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 is driven by strong technical momentum and positive corporate actions such as share buybacks. However, financial performance is moderate due to high leverage and inconsistent revenue growth. The valuation suggests potential overvaluation, but the dividend yield offers some compensation.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
Average Trading Volume: 540,913
Technical Sentiment Signal: Buy
Current Market Cap: £519.6M
For an in-depth examination of WIX stock, go to TipRanks’ Overview page.