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Finsbury Gwth & Inc Shs ( (GB:FGT) ) has provided an announcement.
Finsbury Growth & Income Trust PLC has executed a market purchase of its own shares, acquiring 258,906 Ordinary Shares at a price of 804.58 pence per share. These shares will be held in treasury, bringing the total number of shares in treasury to 104,121,829. Following this transaction, the total number of voting rights in the company is 120,869,474, which shareholders can use as a denominator for interest calculations in accordance with FCA rules.
Spark’s Take on GB:FGT Stock
According to Spark, TipRanks’ AI Analyst, GB:FGT is a Outperform.
Finsbury Growth & Income Trust’s overall stock score of 71 reflects a strong financial position and positive corporate developments. The robust balance sheet and reasonable valuation underpin the score, while challenges remain in operational efficiency and technical momentum. The company’s recent governance and strategic actions, such as the portfolio manager’s stake increase, add to investor confidence.
To see Spark’s full report on GB:FGT stock, click here.
More about Finsbury Gwth & Inc Shs
Average Trading Volume: 880,260
Technical Sentiment Signal: Sell
For detailed information about FGT stock, go to TipRanks’ Stock Analysis page.