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Wickes Group ( (GB:WIX) ) has shared an update.
Wickes Group PLC has announced the purchase of 43,500 of its own ordinary shares as part of its ongoing buyback program. The shares were bought at prices ranging from 218.50p to 220.00p and will be canceled, reducing the company’s issued share capital to 237,207,251 shares. This move is part of Wickes’ strategy to manage its capital structure and enhance shareholder value, with implications for voting rights and shareholder 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 industry, providing a range of products and services for DIY enthusiasts and professional tradespeople. The company focuses on delivering quality building materials, tools, and home improvement solutions to its customers.
Average Trading Volume: 990,724
Technical Sentiment Signal: Buy
Current Market Cap: £504.5M
See more insights into WIX stock on TipRanks’ Stock Analysis page.