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Water Intelligence ( (GB:WATR) ) has issued an announcement.
Water Intelligence PLC has executed a transaction involving the purchase of 15,000 of its own ordinary shares at a price of 280 pence each. This move, conducted through Dowgate Capital, is part of the company’s strategy to manage its share capital, with the purchased shares being held in treasury. Following this transaction, the total number of voting rights in the company stands at 19,138,538 ordinary shares, which includes shares admitted to trading on AIM and those not admitted but still carrying voting rights. This transaction reflects Water Intelligence’s ongoing efforts to optimize its financial structure and shareholder value.
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, which is a significant concern in the water management industry.
Average Trading Volume: 30,986
Technical Sentiment Signal: Sell
Current Market Cap: £52.86M
See more data about WATR stock on TipRanks’ Stock Analysis page.