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UIL Ltd ( (GB:UTL) ) has issued an announcement.
UIL Limited has announced the repurchase and cancellation of 109,000 ordinary shares at a price of 182.22p per share. This transaction reduces the total number of ordinary shares with voting rights to 91,221,346, which may affect shareholders’ calculations regarding their interests 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: 23,718
Technical Sentiment Signal: Buy
For a thorough assessment of UTL stock, go to TipRanks’ Stock Analysis page.