Treatt PLC Executes Share Buyback to Enhance Treasury Holdings

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

Treatt PLC announced the purchase of 100,007 of its ordinary shares as part of its share buyback program. This move is aimed at holding the shares in treasury, which will impact the total number of voting rights available to shareholders, potentially affecting their calculations under the FCA’s Disclosure Guidance and Transparency Rules.

The most recent analyst rating on (GB:TET) stock is a Sell with a £4.80 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

Treatt PLC is a company involved in the production and supply of flavor, fragrance, and ingredient solutions. It focuses on providing natural extracts and ingredients to various industries, including food, beverage, and personal care sectors.

Average Trading Volume: 320,356

Technical Sentiment Signal: Sell

Current Market Cap: £158.7M

For a thorough assessment of TET stock, go to TipRanks’ Stock Analysis page.