Accesso Technology Executes Share Buyback Program

accesso Technology ( (GB:ACSO) ) has shared an announcement.

Accesso Technology Group PLC has executed a share buyback program, purchasing 18,186 of its Ordinary Shares at a consistent price of 490 GBp per share. This move reduces the total number of shares in issue to 40,730,261, potentially impacting shareholder calculations under FCA rules and reflecting the company’s strategic financial management.

The most recent analyst rating on (GB:ACSO) stock is a Buy with a £7.00 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 Outperform.

Accesso Technology receives a solid overall score due to its robust financial performance and strategic corporate actions. The company’s balance sheet strength and operational efficiency are key strengths, while technical indicators show positive momentum. However, the high valuation might limit attractiveness to value investors. Recent corporate events like acquisitions and share buybacks further support a positive outlook.

To see Spark’s full report on GB:ACSO stock, click here.

More about accesso Technology

Accesso Technology Group PLC operates in the technology industry, focusing on providing ticketing and virtual queuing solutions primarily for the leisure, entertainment, and cultural markets.

Average Trading Volume: 98,852

Technical Sentiment Signal: Sell

Current Market Cap: £195.8M

Learn more about ACSO stock on TipRanks’ Stock Analysis page.