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UIL Limited Reduces Share Count with Recent Buyback

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UIL Limited Reduces Share Count with Recent Buyback

Meet Your ETF AI Analyst

UIL Ltd ( (GB:UTL) ) has shared an announcement.

UIL Limited announced the purchase and cancellation of 94,157 ordinary shares at a price of 180.19p per share, reducing the total number of shares with voting rights to 92,174,445. This transaction affects shareholder calculations under the FCA’s Disclosure and Transparency Rules, potentially impacting their interest notifications.

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: 10,699

Technical Sentiment Signal: Buy

For a thorough assessment of UTL stock, go to TipRanks’ Stock Analysis page.

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