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Water Intelligence ( (GB:WATR) ) has issued an announcement.
Water Intelligence PLC has repurchased 5,000 of its own ordinary shares at a price of 330 pence each, as authorized by its shareholders. This transaction, executed through Dowgate Capital, affects the company’s total voting rights, with the repurchased shares held in treasury, bringing the total number of voting rights to 19,376,538. This strategic move may impact 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 £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 Neutral.
Water Intelligence demonstrates solid financial performance and positive corporate developments, supporting its growth potential. However, technical indicators show bearish trends, and valuation metrics, while reasonable, are not compelling enough to offset the negative technical outlook. Overall, the stock is positioned for growth but faces near-term technical challenges.
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 within the water management industry.
Average Trading Volume: 24,679
Technical Sentiment Signal: Strong Sell
Current Market Cap: £61.08M
For detailed information about WATR stock, go to TipRanks’ Stock Analysis page.