Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Wickes Group ( (GB:WIX) ) just unveiled an announcement.
Wickes Group PLC, a company involved in a share buyback program, has announced the purchase of 66,514 of its ordinary shares at prices ranging from 221.00 to 222.50 pence per share. The company plans to cancel these shares, which will adjust its issued share capital to 238,348,278 shares, impacting the total number of voting rights and potentially affecting shareholder calculations under the Financial Conduct Authority’s 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 score reflects a balanced view of its financial performance, technical outlook, and corporate actions. Strong cash flow and positive technical indicators are tempered by valuation concerns and high leverage. The active share buyback program supports shareholder value, adding positively to the outlook.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
Average Trading Volume: 907,881
Technical Sentiment Signal: Buy
Current Market Cap: £516.5M
For a thorough assessment of WIX stock, go to TipRanks’ Stock Analysis page.