UIL Limited Announces Share Buyback and Voting Rights Update

An update from UIL Ltd ( (GB:UTL) ) is now available.

UIL Limited has announced a transaction involving the purchase and cancellation of 50,000 of its own ordinary shares at a price of 130.00p per share. This transaction reduces the total number of ordinary shares with voting rights to 92,538,602, which is relevant for shareholders in determining their notification requirements under the FCA’s Disclosure and Transparency Rules.

Spark’s Take on GB:UTL Stock

According to Spark, TipRanks’ AI Analyst, GB:UTL is a Neutral.

The stock score reflects significant financial difficulties characterized by negative income and inconsistent cash flows. Despite a stable technical analysis and positive corporate events indicating insider confidence, the negative P/E ratio and need for strategic improvements weigh heavily on the score.

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

More about UIL Ltd

Average Trading Volume: 11,011

Technical Sentiment Signal: Buy

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