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An announcement from Finsbury Gwth & Inc Shs ( (GB:FGT) ) is now available.
Finsbury Growth & Income Trust PLC announced the repurchase of 350,000 of its own shares at a price of 806.48 pence per share, which will be held in treasury. This transaction increases the total number of shares held in treasury to 101,259,779, and the total number of voting rights in the company now stands at 123,731,524, which shareholders can use for calculating interests in voting rights as per FCA guidelines.
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: 803,776
Technical Sentiment Signal: Sell
See more insights into FGT stock on TipRanks’ Stock Analysis page.