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The latest update is out from Wickes Group ( (GB:WIX) ).
Wickes Group PLC, a company involved in home improvement retail, has announced the purchase of 13,373 of its own ordinary shares as part of its ongoing buyback program. The shares were bought at prices ranging from 238.50 to 240.50 pence and will be canceled, reducing the company’s issued share capital to 233,347,014 shares. This move is part of Wickes’ strategy to manage its capital structure and enhance shareholder value.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £258.00 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: 553,767
Technical Sentiment Signal: Buy
Current Market Cap: £531.2M
For an in-depth examination of WIX stock, go to TipRanks’ Overview page.