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Wickes Group ( (GB:WIX) ) has provided an announcement.
Wickes Group PLC has repurchased 42,917 of its ordinary shares at a price of 220.50 pence each, as part of its ongoing buyback program. The company intends to cancel these shares, reducing its total issued share capital to 237,164,334 shares, which may impact shareholder voting rights and interest notifications under regulatory 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 a moderate financial performance with key concerns around high leverage and valuation. The positive corporate events, including the share buyback program and strong sales growth, contribute positively to the outlook, indicating efforts to enhance shareholder value. Technical indicators show mixed signals, which slightly dampen the overall score.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
Wickes Group PLC operates in the home improvement retail industry, offering a range of products and services primarily focused on DIY, home improvement, and building supplies.
Average Trading Volume: 951,901
Technical Sentiment Signal: Buy
Current Market Cap: £509.1M
See more data about WIX stock on TipRanks’ Stock Analysis page.