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Henderson High Income Trust PLC ( (GB:HHI) ) has provided an update.
Henderson High Income Trust PLC has executed a market purchase of 35,000 of its own shares, as authorized during its Annual General Meeting, at a price of 181.3154p per share. This transaction, which sees the shares held in treasury, does not alter the total issued ordinary share capital but adjusts the voting rights to 169,923,382, reflecting the shares held in treasury without voting rights.
Spark’s Take on GB:HHI Stock
According to Spark, TipRanks’ AI Analyst, GB:HHI is a Outperform.
Henderson High Income Trust PLC’s overall stock score is supported by strong financial performance and a robust valuation. The company’s strategic initiatives, including share buybacks and management fee reductions, contribute to an optimistic outlook. However, technical analysis suggests short-term caution, with the stock trading below its short-term moving averages.
To see Spark’s full report on GB:HHI stock, click here.
More about Henderson High Income Trust PLC
Henderson High Income Trust PLC operates within the financial services industry, focusing on providing high-income investment opportunities. The company primarily engages in managing investment trusts, aiming to deliver attractive income returns to its stakeholders.
Average Trading Volume: 200,465
Technical Sentiment Signal: Buy
See more insights into HHI stock on TipRanks’ Stock Analysis page.