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The latest announcement is out from UIL Ltd ( (GB:UTL) ).
UIL Limited announced the purchase and cancellation of 49,397 ordinary shares at a price of 122.50p per share. This transaction reduces the total number of ordinary shares with voting rights to 92,837,782, which shareholders can use as a reference for determining their interest in the company under 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: 8,387
Technical Sentiment Signal: Hold
For an in-depth examination of UTL stock, go to TipRanks’ Overview page.