Wickes Group PLC Advances Share Buyback Programme

Wickes Group ( (GB:WIX) ) has issued an announcement.

Wickes Group PLC has announced the purchase of 42,090 of its Ordinary Shares, with plans to cancel them as part of its ongoing buyback programme. This move will adjust the company’s issued share capital to 236,994,850 shares, impacting the total number of voting rights and potentially affecting shareholder calculations under the Financial Conduct Authority’s Disclosure and Transparency Rules.

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.

Wickes Group’s overall stock score reflects moderate financial performance with stable margins and strong cash flow, but challenges with revenue growth and high leverage. The technical indicators suggest weak market momentum, although the stock may be oversold. The valuation is high, but the dividend yield provides some compensation. The share buyback program is a positive factor, enhancing shareholder value.

To see Spark’s full report on GB:WIX stock, click here.

More about Wickes Group

Average Trading Volume: 924,688

Technical Sentiment Signal: Buy

Current Market Cap: £508.7M

Find detailed analytics on WIX stock on TipRanks’ Stock Analysis page.