Treatt plc ( (GB:TET) ) has shared an announcement.
Treatt PLC, a company involved in the share buyback program, announced the purchase of 80,016 of its ordinary shares through Investec Bank Plc. The shares were bought at prices ranging from 257.00 to 261.50 pence, with a weighted average price of 258.5869 pence. The purchased shares will be held in treasury, bringing the total number of treasury shares to 752,246. This transaction affects the total number of voting rights in the company, which now stands at 60,131,924.
Spark’s Take on GB:TET Stock
According to Spark, TipRanks’ AI Analyst, GB:TET is a Outperform.
Treatt plc’s strong financial performance and positive corporate events provide a solid foundation. However, bearish technical indicators pose short-term risks. The fair valuation and attractive dividend yield offer some compensation. Overall, while the financials and corporate actions are strong, cautiousness is warranted due to current market trends.
To see Spark’s full report on GB:TET stock, click here.
More about Treatt plc
Average Trading Volume: 268,623
Technical Sentiment Signal: Sell
Current Market Cap: £156.6M
Find detailed analytics on TET stock on TipRanks’ Stock Analysis page.