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The latest announcement is out from Water Intelligence ( (GB:WATR) ).
Water Intelligence PLC has repurchased 5,000 of its own ordinary shares at a price of 307 pence per share, as authorized by shareholders at the company’s Annual General Meeting. This transaction, executed through Dowgate Capital, results in the company holding 221,650 ordinary shares in treasury, affecting the total voting rights to 19,346,038 ordinary shares. This move could impact shareholder calculations regarding their interests in the company under the Financial Conduct Authority’s Disclosure and Transparency Rules.
The most recent analyst rating on (GB:WATR) stock is a Buy with a £800.00 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, which is a significant concern in the water management industry.
Average Trading Volume: 27,161
Technical Sentiment Signal: Sell
Current Market Cap: £58.05M
For a thorough assessment of WATR stock, go to TipRanks’ Stock Analysis page.