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An announcement from Touchstar ( (GB:TST) ) is now available.
Touchstar plc announced the repurchase of 41,734 ordinary shares, aligning with its decision to cease an irrevocable agreement with Zeus Capital Limited for share purchases. This move allows the company to conduct share buybacks on an ad hoc basis, maintaining its issued share capital at 8,475,077 with total voting rights now at 8,096,494. The repurchase reflects a strategic shift in the company’s approach to managing its shares, potentially impacting shareholder calculations under the FCA’s rules.
The most recent analyst rating on (GB:TST) stock is a Hold with a £95.00 price target. To see the full list of analyst forecasts on Touchstar stock, see the GB:TST Stock Forecast page.
Spark’s Take on GB:TST Stock
According to Spark, TipRanks’ AI Analyst, GB:TST is a Neutral.
Touchstar’s overall stock score is driven by its strong financial position, particularly its robust cash flow and low leverage. However, technical indicators suggest bearish momentum, and the valuation is moderate. The absence of recent earnings call data and corporate events limits further insights.
To see Spark’s full report on GB:TST stock, click here.
More about Touchstar
Touchstar plc is a supplier of mobile data computing solutions and managed services catering to various industrial sectors.
Average Trading Volume: 8,702
Technical Sentiment Signal: Sell
Current Market Cap: £6.31M
See more data about TST stock on TipRanks’ Stock Analysis page.