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An update from Octopus Renewables Infrastructure Trust Plc ( (GB:ORIT) ) is now available.
Octopus Renewables Infrastructure Trust Plc announced the purchase of 400,000 of its own ordinary shares at an average price of 62.28 pence per share, to be held in treasury. This transaction affects the total voting rights in the company, which now stands at 529,957,939, a figure that shareholders can use for calculating their interests in accordance with regulatory guidelines.
The most recent analyst rating on (GB:ORIT) stock is a Hold with a £0.85 price target. To see the full list of analyst forecasts on Octopus Renewables Infrastructure Trust Plc stock, see the GB:ORIT Stock Forecast page.
Spark’s Take on GB:ORIT Stock
According to Spark, TipRanks’ AI Analyst, GB:ORIT is a Outperform.
Octopus Renewables Infrastructure Trust Plc scores a solid 72, driven by strong financial health and positive technical signals. The company’s strategic corporate actions, including share buybacks and dividend increases, underscore its commitment to shareholder value. Despite high valuation metrics, the attractive dividend yield provides a counterbalance. The primary concern remains the declining revenue trend, which could impact long-term growth.
To see Spark’s full report on GB:ORIT stock, click here.
More about Octopus Renewables Infrastructure Trust Plc
Octopus Renewables Infrastructure Trust Plc operates in the renewable energy sector, focusing on investments in renewable energy assets. The company is involved in the acquisition and management of infrastructure projects that generate clean energy, contributing to the transition towards sustainable energy solutions.
Average Trading Volume: 1,422,863
Technical Sentiment Signal: Strong Sell
Find detailed analytics on ORIT stock on TipRanks’ Stock Analysis page.