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UIL Ltd ( (GB:UTL) ) has provided an update.
UIL Limited announced the repurchase and cancellation of 108,000 ordinary shares at a price of 185.12p per share, reducing the total number of shares with voting rights to 91,548,346. This transaction may impact shareholder calculations regarding their interest in the company 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: 17,987
Technical Sentiment Signal: Buy
For an in-depth examination of UTL stock, go to TipRanks’ Overview page.