Treatt PLC Executes Share Buyback of 85,011 Shares

An announcement from Treatt plc ( (GB:TET) ) is now available.

Treatt PLC, a company involved in the production of flavor and fragrance ingredients, has announced the purchase of 85,011 of its own ordinary shares as part of a share buyback program. The shares were acquired at prices ranging from 218 to 222 pence per share, with an average price of 220.6197 pence. This move is part of Treatt’s strategy to manage its capital structure and potentially enhance shareholder value by holding these shares in treasury. Following this transaction, Treatt holds 311,567 shares in treasury, with 60,967,495 ordinary shares in issue. This buyback program reflects Treatt’s commitment to returning value to its shareholders and optimizing its financial operations.

Spark’s Take on GB:TET Stock

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

Treatt plc’s robust financial performance, characterized by strong margins and low leverage, forms a solid foundation. The stock’s bearish technical indicators, however, highlight potential risks in market momentum. Fair valuation and positive corporate events, such as share buybacks, add to the stock’s appeal, indicating potential for long-term value despite short-term technical challenges.

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

More about Treatt plc

YTD Price Performance: -54.30%

Average Trading Volume: 208,022

Technical Sentiment Signal: Buy

Current Market Cap: £132.7M

Find detailed analytics on TET stock on TipRanks’ Stock Analysis page.