Water Intelligence PLC Proposes Share Buyback and Rule 9 Waiver

The latest announcement is out from Water Intelligence ( (GB:WATR) ).

Water Intelligence PLC has announced a Circular to Shareholders detailing a proposed share buyback and Rule 9 waiver, which will be discussed at the upcoming Annual General Meeting. The company seeks shareholder approval to repurchase additional ordinary shares and waive mandatory offer obligations under the Takeover Code, aiming to enhance capital allocation flexibility and provide liquidity for shareholders. This strategic move is intended to strengthen the company’s market position and is recommended by the Board as beneficial for the company and its stakeholders.

The most recent analyst rating on (GB:WATR) stock is a Buy with a £339.00 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 actions, such as share buybacks, are the most significant factors driving the score. Technical indicators suggest a stable market position, while valuation metrics indicate reasonable pricing. The absence of earnings call data limits insights into management’s forward-looking statements.

To see Spark’s full report on GB:WATR stock, click here.

More about Water Intelligence

Water Intelligence PLC is a leading multinational company in the water industry, 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 loss and infrastructure issues, catering to a global market.

Average Trading Volume: 46,662

Technical Sentiment Signal: Sell

Current Market Cap: £56.47M

Find detailed analytics on WATR stock on TipRanks’ Stock Analysis page.