Wickes Group ( (GB:WIX) ) has provided an update.
Wickes Group PLC has announced the purchase of 70,000 of its own ordinary shares at prices ranging from 171.40 to 175.40 pence per share, with a weighted average price of 173.8840 pence. The company plans to cancel these shares, which will result in a total issued share capital of 241,362,248 shares. This buyback is part of a larger program, with Wickes having purchased a total of 704,051 shares since its commencement. The cancellation of these shares will adjust the total number of voting rights, impacting 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: 17.72%
Average Trading Volume: 1,144,946
Technical Sentiment Signal: Strong Sell
Current Market Cap: £406.7M
See more insights into WIX stock on TipRanks’ Stock Analysis page.