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Henderson High Income Trust PLC ( (GB:HHI) ) just unveiled an update.
Henderson High Income Trust PLC has executed a market purchase of 40,687 of its own ordinary shares at a price of 180p per share, which will be held in treasury. This move, following the authority granted at the company’s Annual General Meeting, impacts the total number of voting rights, reducing them to 170,073,382, as treasury shares do not carry 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 is a financial services company focused on providing high-income investment opportunities. It operates within the investment trust industry, primarily dealing with the management and purchase of shares to optimize income for its stakeholders.
Average Trading Volume: 220,516
Technical Sentiment Signal: Buy
See more insights into HHI stock on TipRanks’ Stock Analysis page.