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The latest update is out from Edinburgh Investment Trust PLC ( (GB:EDIN) ).
The Edinburgh Investment Trust plc has repurchased 70,000 of its 25p ordinary shares on the London Stock Exchange at an average price of 805.48p per share, with the shares to be held in treasury. Following this buyback, the company’s treasury holdings have risen to 59,923,709 shares, reducing the number of ordinary shares in issue with voting rights to 135,743,025, a move that marginally concentrates existing shareholders’ voting power and may support net asset value per share over time.
The most recent analyst rating on (GB:EDIN) stock is a Buy with a £932.00 price target. To see the full list of analyst forecasts on Edinburgh Investment Trust PLC stock, see the GB:EDIN Stock Forecast page.
Spark’s Take on GB:EDIN Stock
According to Spark, TipRanks’ AI Analyst, GB:EDIN is a Outperform.
The score is driven primarily by solid financial strength (notably low leverage) tempered by volatile revenue/earnings and cash flows. Technicals are supportive with the price above major moving averages and positive MACD. Valuation and dividend yield are reasonable, and recent buybacks/dividend increase add a modest positive catalyst.
To see Spark’s full report on GB:EDIN stock, click here.
More about Edinburgh Investment Trust PLC
The Edinburgh Investment Trust plc is a UK-listed investment trust that provides investors with exposure to a diversified portfolio of primarily UK equities, offering long-term capital growth and income through professional portfolio management and trading its ordinary shares on the London Stock Exchange.
Average Trading Volume: 220,908
Technical Sentiment Signal: Buy
Learn more about EDIN stock on TipRanks’ Stock Analysis page.