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Henderson High Income Trust PLC ( (GB:HHI) ) just unveiled an announcement.
Henderson High Income Trust PLC announced the market purchase of 35,000 of its own shares at a price of 182.2107p per share, as part of the authority granted at its Annual General Meeting. This move is aimed at managing the company’s share capital and maintaining shareholder value, with the purchased shares being held in treasury, thus slightly reducing the total number of voting rights available.
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 investment products, targeting investors seeking income through diversified portfolios.
Average Trading Volume: 236,244
Technical Sentiment Signal: Buy
Learn more about HHI stock on TipRanks’ Stock Analysis page.