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The latest update is out from UIL Ltd ( (GB:UTL) ).
UIL Limited has announced a transaction involving the repurchase and cancellation of 38,047 ordinary shares at a price of 180.02p per share. This transaction reduces the total number of ordinary shares with voting rights to 90,632,799, which may impact shareholder calculations regarding their interest in the company according to FCA’s 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: 40,048
Technical Sentiment Signal: Buy
Learn more about UTL stock on TipRanks’ Stock Analysis page.