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Water Intelligence ( (GB:WATR) ) just unveiled an update.
Water Intelligence PLC announced the purchase of 2,500 of its own ordinary shares at a price of 310 pence each, executed through its joint broker, Dowgate Capital. This transaction, approved by shareholders, reflects the company’s strategic financial management and impacts its total voting rights, with the shares being held in treasury. The total number of voting rights in the company now stands at 19,338,038 ordinary shares, which stakeholders can use for regulatory calculations under the Financial Conduct Authority’s 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 advanced services in the water industry, addressing both residential and commercial needs globally.
Average Trading Volume: 26,418
Technical Sentiment Signal: Strong Sell
Current Market Cap: £59.96M
See more data about WATR stock on TipRanks’ Stock Analysis page.