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Water Intelligence ( (GB:WATR) ) has shared an update.
Water Intelligence PLC announced the purchase of 15,000 ordinary shares, executed in three tranches, with prices ranging from 275 to 278 pence per share. This transaction, conducted through Dowgate Capital, results in the company holding 399,150 shares in treasury, impacting the total voting rights to 19,168,538 shares. This strategic move reflects Water Intelligence’s commitment to managing its share capital effectively, potentially influencing shareholder value and market perception.
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 focuses on providing innovative solutions to address water leakage issues, serving a global market with its advanced technology and expertise.
Average Trading Volume: 30,406
Technical Sentiment Signal: Sell
Current Market Cap: £53.33M
For detailed information about WATR stock, go to TipRanks’ Stock Analysis page.