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The latest announcement is out from Henderson High Income Trust PLC ( (GB:HHI) ).
Henderson High Income Trust PLC announced a market purchase of 5,540 of its own ordinary shares at a price of 182.5p per share, which will be held in treasury. This action reduces the number of shares with voting rights, impacting the total voting rights to 170,175,568, potentially affecting shareholder influence and company decisions.
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 in the financial services industry, focusing on investment management. The company primarily deals with high-income investments, aiming to provide shareholders with a high level of income and potential for capital growth.
Average Trading Volume: 237,704
Technical Sentiment Signal: Buy
For a thorough assessment of HHI stock, go to TipRanks’ Stock Analysis page.