Wickes Group ( (GB:WIX) ) just unveiled an update.
Wickes Group PLC has announced the purchase of 61,737 of its ordinary shares at prices ranging from 179.80 to 183.80 pence per share, with a weighted average price of 181.2988 pence. The company plans to cancel these shares, which is part of a larger buyback program that has so far seen the purchase of over a million shares. This move will adjust the company’s issued share capital to 241,033,448 shares, impacting the total number of voting rights and potentially affecting shareholder calculations under the Financial Conduct Authority’s rules.
Spark’s Take on GB:WIX Stock
According to Spark, TipRanks’ AI Analyst, GB:WIX is a Outperform.
Wickes Group scores a 71, reflecting strong technical indicators and positive corporate actions, which are offset by moderate financial stability due to high leverage. Valuation remains reasonable with a solid dividend yield, and the recent share buyback program supports the stock’s attractiveness.
To see Spark’s full report on GB:WIX stock, click here.
More about Wickes Group
YTD Price Performance: 21.43%
Average Trading Volume: 1,125,594
Technical Sentiment Signal: Sell
Current Market Cap: £426.4M
See more insights into WIX stock on TipRanks’ Stock Analysis page.