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Treatt plc ( (GB:TET) ) has issued an announcement.
Treatt PLC, a company involved in a share buyback program, has repurchased 22,500 of its ordinary shares, with prices ranging from 260.00 to 268.50 pence, and a weighted average price of 263.78 pence. These shares will be held in treasury, affecting the total number of voting rights available to shareholders, which now stands at 59,629,736, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency 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: 378,209
Technical Sentiment Signal: Sell
Current Market Cap: £154.9M
For detailed information about TET stock, go to TipRanks’ Stock Analysis page.