Treatt PLC Enhances Treasury Holdings with Share Buyback

Treatt plc ( (GB:TET) ) has issued an update.

Treatt PLC, a company involved in a share buyback programme, has repurchased 32,443 of its ordinary shares at prices ranging from 246.00 to 248.00 pence, with a weighted average price of 247.2242 pence. These shares will be held in treasury, increasing the total treasury shares to 385,361, while the total voting rights in the company stand at 60,498,517, impacting shareholder calculations under FCA’s rules.

Spark’s Take on GB:TET Stock

According to Spark, TipRanks’ AI Analyst, GB:TET is a Outperform.

Treatt plc’s strong financial performance and positive corporate events provide a solid foundation. However, bearish technical indicators pose short-term risks. The fair valuation and attractive dividend yield offer some compensation. Overall, while the financials and corporate actions are strong, cautiousness is warranted due to current market trends.

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

More about Treatt plc

YTD Price Performance: -48.37%

Average Trading Volume: 221,016

Technical Sentiment Signal: Buy

Current Market Cap: £151.1M

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