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Touchstar ( (GB:TST) ) has issued an update.
Touchstar plc announced the repurchase of 75,000 ordinary shares at a price of 72.5 pence per share, following the authority granted at its Annual General Meeting. This move aligns with its decision to cease an agreement with Zeus Capital Limited for share purchases, opting instead for ad hoc buybacks. The transaction leaves the company’s issued share capital unchanged, with total voting rights now at 7,921,494. This strategic financial maneuver could impact shareholder calculations under FCA rules and reflects the company’s adaptive approach to managing its equity structure.
The most recent analyst rating on (GB:TST) stock is a Hold with a £75.00 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 strong financial position and cash flow are significant strengths, but they are overshadowed by bearish technical indicators and a high P/E ratio suggesting overvaluation. The lack of recent earnings call data and corporate events limits additional insights.
To see Spark’s full report on GB:TST stock, click here.
More about Touchstar
Touchstar plc is a provider of mobile data computing solutions and managed services catering to various industrial sectors.
Average Trading Volume: 8,963
Technical Sentiment Signal: Sell
Current Market Cap: £5.8M
See more data about TST stock on TipRanks’ Stock Analysis page.