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Eurocell Reduces Share Capital Through Buyback of 17,731 Shares

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Eurocell Reduces Share Capital Through Buyback of 17,731 Shares

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An announcement from Eurocell ( (GB:ECEL) ) is now available.

Eurocell plc has executed a share buyback transaction on the London Stock Exchange, repurchasing 17,731 of its ordinary shares of 0.1p each at a price of 125 pence per share via its broker Berenberg. Following the cancellation of these shares, the company’s issued share capital now comprises 99,621,054 ordinary shares with no shares held in treasury, setting the total number of voting rights at the same figure, which will serve as the reference denominator for investors assessing disclosure obligations under the UK’s Disclosure and Transparency Rules.

The most recent analyst rating on (GB:ECEL) stock is a Hold with a £138.00 price target. To see the full list of analyst forecasts on Eurocell stock, see the GB:ECEL Stock Forecast page.

Spark’s Take on GB:ECEL Stock

According to Spark, TipRanks’ AI Analyst, GB:ECEL is a Neutral.

Eurocell’s overall stock score reflects a balanced outlook. The company’s operational efficiency and stable cash flow are strong positives, but challenges in revenue growth and increasing debt levels pose risks. The valuation is attractive with a solid dividend yield, and recent corporate actions suggest confidence in future prospects. However, technical indicators and a mixed earnings call sentiment highlight the need for cautious optimism.

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

More about Eurocell

Eurocell plc is a UK-listed company whose ordinary shares trade on the London Stock Exchange, providing shareholders with voting rights tied to its issued share capital.

Average Trading Volume: 102,953

Technical Sentiment Signal: Sell

Current Market Cap: £123.7M

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

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