Treatt plc Executes Share Buyback Program

The latest announcement is out from Treatt plc ( (GB:TET) ).

Treatt plc has executed a share buyback program, purchasing 133,785 of its ordinary shares at a weighted average price of 267.56 pence per share. The company plans to hold these shares in treasury, impacting the total number of voting rights available to shareholders, which now stands at 59,495,951. This move is part of Treatt’s ongoing strategy to manage its capital structure and potentially enhance shareholder value.

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, specializing in the manufacture and supply of innovative ingredient solutions. The company focuses on providing natural extracts and flavorings to the beverage, personal care, and household goods markets.

Average Trading Volume: 378,209

Technical Sentiment Signal: Sell

Current Market Cap: £154.9M

See more insights into TET stock on TipRanks’ Stock Analysis page.