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Water Intelligence ( (GB:WATR) ) has issued an announcement.
Water Intelligence PLC announced the repurchase of 20,000 ordinary shares, executed through Dowgate Capital, at prices between 305 and 310 pence per share. This transaction, approved by shareholders, impacts the company’s total voting rights, now standing at 19,318,038 ordinary shares, with 249,650 shares held in treasury, influencing shareholder calculations under the Financial Conduct Authority’s Disclosure and Transparency Rules.
The most recent analyst rating on (GB:WATR) stock is a Buy with a £5.00 price target. To see the full list of analyst forecasts on Water Intelligence stock, see the GB:WATR Stock Forecast page.
Spark’s Take on GB:WATR Stock
According to Spark, TipRanks’ AI Analyst, GB:WATR is a Outperform.
Water Intelligence’s strong financial performance and strategic corporate events are key strengths, supporting a positive outlook. However, bearish technical indicators and the lack of a dividend yield temper the overall score. The company’s strategic initiatives and solid financial health position it well for future growth, but market sentiment remains cautious.
To see Spark’s full report on GB:WATR stock, click here.
More about Water Intelligence
Water Intelligence PLC is a leading multinational company specializing in precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water. The company focuses on providing innovative solutions to address water leakage issues, serving a broad market that includes residential, commercial, and municipal sectors.
Average Trading Volume: 26,502
Technical Sentiment Signal: Strong Sell
Current Market Cap: £60.34M
For an in-depth examination of WATR stock, go to TipRanks’ Overview page.