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An update from Wickes Group ( (GB:WIX) ) is now available.
Wickes Group PLC, a company involved in home improvement retail, has announced the purchase and subsequent cancellation of 9,466 of its ordinary shares as part of an ongoing share buyback program. This transaction, executed through Investec Bank plc, contributes to a total of 4,762,925 shares repurchased since the program’s inception. The cancellation of these shares will adjust the company’s issued share capital to 237,303,374 shares, impacting the total number of voting rights and potentially influencing shareholder calculations under regulatory disclosure requirements.
The most recent analyst rating on (GB:WIX) stock is a Buy with a £2.40 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 score reflects Wickes Group’s stable financial performance and strong cash flow, moderated by high leverage and valuation concerns. Positive corporate actions through share buybacks enhance shareholder value and support the stock’s outlook.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
Average Trading Volume: 965,723
Technical Sentiment Signal: Buy
Current Market Cap: £515.1M
Learn more about WIX stock on TipRanks’ Stock Analysis page.