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Wickes Group ( (GB:WIX) ) has issued an announcement.
Wickes Group PLC has announced the purchase and cancellation of 41,137 of its own ordinary shares as part of its ongoing buyback program. This move reduces the company’s total issued share capital to 235,664,129 shares, potentially impacting shareholder voting rights and signaling a strategic effort to manage capital structure and shareholder value.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £225.00 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 reflects moderate financial health with strong cash flow but challenges in revenue growth and high leverage. Technical indicators suggest potential resistance and bearish momentum, while valuation metrics indicate fair value with an attractive dividend yield. The absence of earnings call and corporate events data limits further insights.
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, providing a range of products and services for home renovation and maintenance. The company focuses on offering building materials, tools, and home improvement solutions to both professional tradespeople and DIY enthusiasts.
Average Trading Volume: 664,449
Technical Sentiment Signal: Buy
Current Market Cap: £506.9M
See more data about WIX stock on TipRanks’ Stock Analysis page.