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The latest update is out from Octopus Renewables Infrastructure Trust Plc ( (GB:ORIT) ).
Octopus Renewables Infrastructure Trust Plc has repurchased 400,000 of its own ordinary shares at an average price of 61.70 pence per share, as authorized at its Annual General Meeting. This transaction increases the company’s treasury holdings to 35,769,597 shares, with a total of 564,927,536 shares in issue, impacting the calculation of voting rights for shareholders.
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 aims to provide investors with sustainable and long-term returns by investing in a diversified portfolio of renewable energy infrastructure projects.
Average Trading Volume: 1,375,130
Technical Sentiment Signal: Strong Sell
See more data about ORIT stock on TipRanks’ Stock Analysis page.