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Water Intelligence ( (GB:WATR) ) has shared an announcement.
Water Intelligence PLC announced the purchase of 20,000 of its own ordinary shares, executed through its joint broker, Dowgate Capital, on the London Stock Exchange. The shares, bought at an average price of 272.5 pence, will be held in treasury, affecting the total voting rights of the company, which now stands at 19,068,538 ordinary shares. This transaction reflects Water Intelligence’s strategic financial management and may influence shareholder calculations under the Financial Conduct Authority’s Disclosure and Transparency Rules.
The most recent analyst rating on (GB:WATR) stock is a Buy with a £5.00 price target. To see the full list of analyst forecasts on Water Intelligence stock, see the GB:WATR Stock Forecast page.
Spark’s Take on GB:WATR Stock
According to Spark, TipRanks’ AI Analyst, GB:WATR is a Outperform.
Water Intelligence’s strong financial performance is the most significant factor, supported by robust revenue growth and profitability. The technical analysis indicates a bearish trend, which slightly offsets the financial strengths. The valuation is reasonable, suggesting the stock is fairly priced. Overall, the company is well-positioned for growth, but current market trends warrant caution.
To see Spark’s full report on GB:WATR stock, click here.
More about Water Intelligence
Water Intelligence PLC is a leading multinational company specializing in precision, minimally-invasive leak detection and remediation solutions for both potable and non-potable water. The company operates in the water management industry, focusing on providing innovative solutions to detect and fix water leaks efficiently.
Average Trading Volume: 31,055
Technical Sentiment Signal: Sell
Current Market Cap: £51.57M
See more data about WATR stock on TipRanks’ Stock Analysis page.