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Aurora Investment Trust PLC ( (GB:ARR) ) just unveiled an update.
Aurora UK Alpha PLC has repurchased 20,000 ordinary shares at 240 pence per share under its existing buyback authority and will hold these shares in treasury, effectively reducing the freely available float. Following the transaction, the company now holds 5,188,535 shares in treasury, leaving 109,384,207 voting rights in issue, a figure shareholders should use when calculating their interests and regulatory disclosure thresholds under UK transparency rules.
The most recent analyst rating on (GB:ARR) stock is a Buy with a £250.00 price target. To see the full list of analyst forecasts on Aurora Investment Trust PLC stock, see the GB:ARR Stock Forecast page.
Spark’s Take on ARR Stock
According to Spark, TipRanks’ AI Analyst, ARR is a Neutral.
The score is supported primarily by a very strong, low-risk balance sheet and an attractive low P/E valuation. These positives are tempered by highly volatile earnings/cash flows and weak technical momentum with the stock trading below key moving averages.
To see Spark’s full report on ARR stock, click here.
More about Aurora Investment Trust PLC
Aurora UK Alpha PLC is an investment company structured as a UK-listed plc, operating in the financial services sector. It manages a portfolio of investments for shareholders, with its ordinary shares admitted to trading and subject to UK listing and disclosure rules, including the FCA’s Disclosure Guidance and Transparency regime.
Average Trading Volume: 183,945
Technical Sentiment Signal: Buy
Learn more about ARR stock on TipRanks’ Stock Analysis page.