Treatt PLC Executes Share Buyback Program

Treatt plc ( (GB:TET) ) just unveiled an update.

Treatt PLC, a company involved in the manufacture and supply of flavor and fragrance ingredients, has announced the repurchase of 27,742 of its ordinary shares as part of its ongoing share buyback program. This strategic move is intended to hold the purchased shares in treasury, affecting the total number of voting rights and shares in issue, which may have implications for shareholder calculations under regulatory guidelines.

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 scores well overall due to its strong financial performance, strategic corporate actions like share buybacks, and a reasonable valuation with a solid dividend yield. However, the score is tempered by bearish technical indicators, indicating potential short-term challenges. The company’s strong fundamentals and proactive management strategies provide a robust foundation for long-term value.

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

More about Treatt plc

Average Trading Volume: 298,262

Technical Sentiment Signal: Sell

Current Market Cap: £169.3M

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