Treatt PLC Executes Share Buyback Program

An update from Treatt plc ( (GB:TET) ) is now available.

Treatt PLC has executed a share buyback program, purchasing 93,394 of its ordinary shares at an average price of 255.14 pence per share. This strategic move is part of the company’s ongoing efforts to manage its capital structure effectively by holding these shares in treasury, which impacts the total voting rights available to shareholders.

The most recent analyst rating on (GB:TET) stock is a Buy with a £650.00 price target. To see the full list of analyst forecasts on Treatt plc stock, see the GB:TET Stock Forecast page.

Spark’s Take on GB:TET Stock

According to Spark, TipRanks’ AI Analyst, GB:TET is a Outperform.

Treatt plc’s overall score reflects its robust financial performance and strategic corporate actions, such as share buybacks, which enhance its appeal. Despite these strengths, bearish technical indicators suggest potential short-term challenges, impacting the score. The stock’s reasonable valuation and attractive dividend yield provide a balance, though recent operational challenges necessitate cautious optimism.

To see Spark’s full report on GB:TET stock, click here.

More about Treatt plc

Treatt PLC operates in the flavor and fragrance industry, providing a range of natural extracts and ingredients. The company focuses on delivering innovative solutions to the beverage, health and wellness, and personal care markets.

Average Trading Volume: 351,703

Technical Sentiment Signal: Sell

Current Market Cap: £153.7M

Learn more about TET stock on TipRanks’ Stock Analysis page.