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Treatt PLC Executes Share Buyback, Adjusts Treasury Holdings

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Treatt PLC Executes Share Buyback, Adjusts Treasury Holdings

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

Treatt PLC, a company involved in a share buyback program, has recently repurchased 37,282 of its ordinary shares at prices ranging from 254.50 to 258.00 pence per share. This move is part of their ongoing strategy to manage the number of shares in circulation, with the repurchased shares being held in treasury. Following this transaction, Treatt holds 582,230 shares in treasury and has 60,696,832 shares in issue, excluding treasury shares. The total number of voting rights in the company is now 60,301,940, which is relevant for shareholders monitoring their stakes under regulatory guidelines.

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: -46.91%

Average Trading Volume: 251,646

Technical Sentiment Signal: Buy

Current Market Cap: £154.9M

For an in-depth examination of TET stock, go to TipRanks’ Stock Analysis page.

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