Treatt PLC Expands Share Buyback Program with Recent Purchase

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

Treatt PLC, a company involved in the flavor and fragrance industry, has announced the repurchase of 90,000 of its ordinary shares as part of its ongoing share buyback program. The shares were purchased at prices ranging from 258.00 to 276.50 pence and will be held in treasury, increasing the total treasury shares to 916,790. This move is part of Treatt’s strategy to manage its capital structure and potentially enhance shareholder value, reflecting a commitment to returning capital to shareholders.

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 Neutral.

Treatt plc scores reasonably well overall, reflecting its strong financial performance, strategic corporate actions, and reasonable valuation. The score is tempered by bearish technical indicators, indicating potential short-term challenges. Positive corporate events enhance the stock’s appeal, but recent operational challenges highlight the need for cautious optimism.

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

More about Treatt plc

Average Trading Volume: 315,269

Technical Sentiment Signal: Sell

Current Market Cap: £164.2M

See more insights into TET stock on TipRanks’ Stock Analysis page.