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Touchstar ( (GB:TST) ) has issued an announcement.
Touchstar plc announced the repurchase of 100,000 of its ordinary shares, marking a strategic shift from its previous agreement with Zeus Capital Limited to conduct share purchases. This move, executed under the authority granted at the Company’s Annual General Meeting, allows Touchstar to manage share buybacks on an ad hoc basis, potentially impacting shareholder calculations under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:TST) stock is a Hold with a £95.00 price target. To see the full list of analyst forecasts on Touchstar stock, see the GB:TST Stock Forecast page.
Spark’s Take on GB:TST Stock
According to Spark, TipRanks’ AI Analyst, GB:TST is a Neutral.
Touchstar’s overall stock score is driven by its strong financial position, particularly its robust cash flow and low leverage. However, technical indicators suggest bearish momentum, and the valuation is moderate. The absence of recent earnings call data and corporate events limits further insights.
To see Spark’s full report on GB:TST stock, click here.
More about Touchstar
Touchstar plc operates in the technology sector, providing mobile data computing solutions and managed services to various industrial sectors.
Average Trading Volume: 8,157
Technical Sentiment Signal: Sell
Current Market Cap: £5.99M
For detailed information about TST stock, go to TipRanks’ Stock Analysis page.