Wickes Group PLC Continues Share Buyback Program

Wickes Group ( (GB:WIX) ) has provided an update.

Wickes Group PLC has announced the repurchase of 70,000 of its ordinary shares at prices ranging from 217.50 to 219.50 pence per share, as part of its ongoing buyback program. The company plans to cancel these shares, which will adjust its total issued share capital to 239,644,910 shares, impacting the voting rights and shareholding calculations for stakeholders.

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 Outperform.

Wickes Group benefits from strong technical momentum and positive corporate events, including strategic buybacks, which enhance shareholder value. However, moderate financial health with high leverage and a premium valuation limit the overall score. Key strengths include operational efficiency and robust cash flow, while high debt levels and premium valuation present challenges.

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

More about Wickes Group

Average Trading Volume: 1,194,280

Technical Sentiment Signal: Buy

Current Market Cap: £525.4M

See more insights into WIX stock on TipRanks’ Stock Analysis page.