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The latest announcement is out from accesso Technology ( (GB:ACSO) ).
Accesso Technology Group PLC has announced a transaction involving the repurchase of its own shares as part of its share buyback programme. The company purchased 35,000 ordinary shares through Deutsche Bank AG, London Branch, with prices ranging from 341.00 GBp to 344.00 GBp per share. Following this transaction, the purchased shares will be cancelled, resulting in a total of 38,580,923 ordinary shares remaining in issue. This move is in line with the company’s strategy to manage its capital structure and may impact shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:ACSO) stock is a Hold with a £359.00 price target. To see the full list of analyst forecasts on accesso Technology stock, see the GB:ACSO Stock Forecast page.
Spark’s Take on GB:ACSO Stock
According to Spark, TipRanks’ AI Analyst, GB:ACSO is a Neutral.
Accesso Technology’s overall stock score reflects strong financial performance and strategic growth initiatives, particularly in new business and technology integration. However, bearish technical indicators and challenges in key revenue segments weigh on the score. The company’s reasonable valuation and strategic focus on diversification and AI provide a positive outlook, but current market momentum remains a concern.
To see Spark’s full report on GB:ACSO stock, click here.
More about accesso Technology
Average Trading Volume: 149,906
Technical Sentiment Signal: Sell
Current Market Cap: £128.8M
See more insights into ACSO stock on TipRanks’ Stock Analysis page.