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Wickes Group PLC Announces Share Buyback and Cancellation

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Wickes Group PLC Announces Share Buyback and Cancellation

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Wickes Group ( (GB:WIX) ) has shared an announcement.

Wickes Group PLC has announced the repurchase of 43,325 of its Ordinary Shares at a weighted average price of 200.35 pence per share, as part of its ongoing share buyback program. The company plans to cancel these shares, which will result in a total issued share capital of 236,608,648 shares. This move is part of Wickes’ strategy to manage its capital structure and may impact shareholder voting rights and interest calculations.

The most recent analyst rating on (GB:WIX) stock is a Hold with a £206.00 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 stock score is primarily influenced by moderate financial performance and weak technical indicators. The company’s strong cash flow generation is a positive factor, but high leverage and declining revenue growth pose risks. The stock’s valuation appears high, though the dividend yield offers some appeal. Overall, the stock faces challenges in market momentum and valuation, impacting its attractiveness.

To see Spark’s full report on GB:WIX stock, click here.

More about Wickes Group

Average Trading Volume: 849,315

Technical Sentiment Signal: Buy

Current Market Cap: £467.3M

For detailed information about WIX stock, go to TipRanks’ Stock Analysis page.

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