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The latest announcement is out from accesso Technology ( (GB:ACSO) ).
Accesso Technology Group PLC has announced a transaction involving the buyback of 35,000 of its Ordinary 1p Shares through Deutsche Bank AG, London Branch. The shares were purchased at prices ranging from 342.00 GBp to 344.00 GBp and will be cancelled, reducing the total number of shares in issue to 38,615,923. This move is part of Accesso’s ongoing share buyback program, which aims to optimize capital structure and potentially enhance shareholder value by reducing the number of shares outstanding.
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
Learn more about ACSO stock on TipRanks’ Stock Analysis page.