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An announcement from Wickes Group ( (GB:WIX) ) is now available.
Wickes Group PLC, a company involved in home improvement retail, has announced the purchase of 43,107 of its own ordinary shares at prices ranging from 201.00 to 216.00 pence, with a weighted average price of 205.32 pence. This transaction is part of their ongoing share buyback program, which has seen a total of 5,414,326 shares repurchased. The company plans to cancel these shares, reducing its issued share capital to 236,651,973 shares, which will affect the total number of voting rights and may impact shareholder notifications under regulatory rules.
The most recent analyst rating on (GB:WIX) stock is a Sell with a £1.95 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 performance with strong cash flow but high leverage and declining revenue growth. Technical analysis indicates a lack of strong momentum, and valuation is mixed with a high P/E ratio but a decent dividend yield. The absence of earnings call data and corporate events limits further insights.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
Average Trading Volume: 829,550
Technical Sentiment Signal: Buy
Current Market Cap: £511.4M
For detailed information about WIX stock, go to TipRanks’ Stock Analysis page.