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Treatt plc ( (GB:TET) ) has issued an announcement.
Treatt PLC, a company involved in a share buyback programme, has repurchased 124,595 of its ordinary shares through Peel Hunt LLP, with prices ranging from 255.00 to 258.25 pence per share. The repurchased shares will be held in treasury, resulting in a total of 1,234,786 shares in treasury and 60,044,276 shares in issue, excluding treasury shares. This transaction impacts the company’s voting rights, with a total of 59,651,641 voting rights available, which shareholders can use to determine their interest in the company under the FCA’s rules.
The most recent analyst rating on (GB:TET) stock is a Buy with a £650.00 price target. To see the full list of analyst forecasts on Treatt plc stock, see the GB:TET Stock Forecast page.
Spark’s Take on GB:TET Stock
According to Spark, TipRanks’ AI Analyst, GB:TET is a Outperform.
Treatt plc’s overall score reflects its robust financial performance and strategic corporate actions, such as share buybacks, which enhance its appeal. Despite these strengths, bearish technical indicators suggest potential short-term challenges, impacting the score. The stock’s reasonable valuation and attractive dividend yield provide a balance, though recent operational challenges necessitate cautious optimism.
To see Spark’s full report on GB:TET stock, click here.
More about Treatt plc
Average Trading Volume: 362,944
Technical Sentiment Signal: Sell
Current Market Cap: £153.7M
See more insights into TET stock on TipRanks’ Stock Analysis page.