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An update from Water Intelligence ( (GB:WATR) ) is now available.
Water Intelligence PLC announced the purchase of 10,000 of its own ordinary shares at a price of 266 pence each, as part of a transaction authorized by shareholders. These shares will be held in treasury, affecting the total number of voting rights in the company, which now stands at 19,098,538. This strategic move reflects the company’s ongoing efforts to manage its share capital and potentially enhance 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 essential services to address water infrastructure issues, positioning itself as a key player in the water management industry.
Average Trading Volume: 31,686
Technical Sentiment Signal: Sell
Current Market Cap: £50.83M
See more insights into WATR stock on TipRanks’ Stock Analysis page.