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Wickes Group ( (GB:WIX) ) has provided an update.
Wickes Group PLC, a company involved in the home improvement sector, announced the purchase of 77,019 of its own ordinary shares as part of its ongoing buyback program. The shares were acquired at prices ranging from 238.50 to 242.00 pence, with a weighted average price of 239.26 pence. The company plans to cancel these shares, which will adjust its total issued share capital to 232,925,147 shares. This move is part of Wickes’ strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:WIX) stock is a Hold with a £235.00 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: 521,035
Technical Sentiment Signal: Buy
Current Market Cap: £530.3M
See more insights into WIX stock on TipRanks’ Stock Analysis page.