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The latest announcement is out from accesso Technology ( (GB:ACSO) ).
Accesso Technology Group PLC has executed a share buyback program, purchasing 4,536 of its Ordinary 1p Shares at prices ranging from 522.00 GBp to 526.00 GBp. This transaction, conducted through Deutsche Numis, will result in the cancellation of the purchased shares, leaving 40,276,226 Ordinary Shares in circulation. The buyback is part of Accesso’s strategy to manage its capital structure effectively, potentially impacting shareholder value and market perception.
The most recent analyst rating on (GB:ACSO) stock is a Buy with a £8.00 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’s strong financial performance and positive corporate events, including strategic acquisitions and share buybacks, significantly boost its stock score. The technical analysis shows positive momentum, although nearing overbought levels. Valuation concerns due to a high P/E ratio slightly offset these factors, suggesting potential overvaluation.
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, providing solutions primarily focused on ticketing and virtual queuing for entertainment, leisure, and cultural markets. The company is known for its innovative products that enhance guest experiences and streamline operations for venues worldwide.
Average Trading Volume: 85,134
Technical Sentiment Signal: Hold
Current Market Cap: £199.9M
Learn more about ACSO stock on TipRanks’ Stock Analysis page.