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Wickes Group ( (GB:WIX) ) just unveiled an update.
Wickes Group PLC, a UK-based company, has announced a change in its major holdings, as Ninety One UK Ltd has adjusted its voting rights in the company. The notification indicates that Ninety One UK Ltd’s voting rights have decreased from 5.1976% to 4.9943%, crossing a significant threshold. This change in holdings could have implications for the company’s governance and shareholder dynamics.
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’s stock score is bolstered by strong technical momentum and strategic corporate actions like share buybacks, which enhance value. While high leverage and revenue growth challenges exist, strong cash flow and a robust dividend yield support its appeal. Careful management of financial leverage and technical conditions will be key to sustaining its positive outlook.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
Average Trading Volume: 1,165,738
Technical Sentiment Signal: Buy
Current Market Cap: £464.1M
Learn more about WIX stock on TipRanks’ Stock Analysis page.