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An announcement from accesso Technology ( (GB:ACSO) ) is now available.
Accesso Technology Group PLC has executed a share buyback transaction, purchasing 12,960 of its Ordinary Shares as part of its ongoing Share Buyback Programme. This move, which involved buying shares at prices between 436.00 GBp and 441.00 GBp, will result in the cancellation of these shares, thereby reducing the total number of shares in issue to 39,456,113. This action is likely to impact the company’s market positioning by potentially increasing shareholder value and altering the voting rights structure.
The most recent analyst rating on (GB:ACSO) stock is a Buy with a £497.00 price target. To see the full list of analyst forecasts on accesso Technology stock, see the GB:ACSO Stock Forecast page.
Spark’s Take on GB:ACSO Stock
According to Spark, TipRanks’ AI Analyst, GB:ACSO is a Outperform.
Accesso Technology’s strong financial performance and strategic growth initiatives are the primary drivers of its solid stock score. The company’s robust balance sheet and operational efficiency provide a stable foundation, while technical indicators suggest a cautiously optimistic outlook. Valuation is reasonable, though the lack of a dividend yield may deter income-focused investors. The earnings call provided a balanced view, with growth opportunities offsetting some current challenges.
To see Spark’s full report on GB:ACSO stock, click here.
More about accesso Technology
Accesso Technology Group PLC operates in the technology industry, focusing on providing ticketing and virtual queueing solutions primarily for the leisure, entertainment, and cultural markets.
Average Trading Volume: 81,878
Technical Sentiment Signal: Sell
Current Market Cap: £171.3M
Learn more about ACSO stock on TipRanks’ Stock Analysis page.