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Finsbury Gwth & Inc Shs ( (GB:FGT) ) just unveiled an announcement.
Finsbury Growth & Income Trust PLC has announced the purchase of 175,000 of its own shares at a price of 802.43 pence per share, which will be held in treasury. This transaction increases the total number of shares held in treasury to 104,496,829, leaving 120,494,474 shares with voting rights in circulation. Shareholders can use this figure for calculating their interests in the company’s voting rights, aligning with FCA’s regulations.
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: 899,598
Technical Sentiment Signal: Sell
Learn more about FGT stock on TipRanks’ Stock Analysis page.