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An announcement from ICG Enterprise Trust PLC GBP ( (GB:ICGT) ) is now available.
ICG Enterprise Trust plc has repurchased 10,000 of its own shares at an average price of 1,495 pence per share, with the shares to be held in treasury, leaving 1,164,722 shares in treasury and 62,389,470 shares in issue excluding treasury. The buyback forms part of an ongoing share repurchase programme authorised by shareholders at the June 2025 AGM, under which the company may buy back up to 14.99% of its ordinary shares, and is structured so that no repurchases are made at a price above net asset value, reflecting a capital management strategy aimed at enhancing shareholder value while complying with UK listing rules.
The most recent analyst rating on (GB:ICGT) stock is a Buy with a £17.90 price target. To see the full list of analyst forecasts on ICG Enterprise Trust PLC GBP stock, see the GB:ICGT Stock Forecast page.
Spark’s Take on GB:ICGT Stock
According to Spark, TipRanks’ AI Analyst, GB:ICGT is a Neutral.
ICG Enterprise Trust PLC’s overall score is driven by a mixed financial performance, with strong profitability but concerns over revenue and cash flow. Technical indicators suggest moderate upward momentum, while the valuation indicates potential overvaluation. Positive corporate events, such as share buybacks and NAV growth, bolster the outlook and enhance shareholder value.
To see Spark’s full report on GB:ICGT stock, click here.
More about ICG Enterprise Trust PLC GBP
ICG Enterprise Trust plc is a UK-listed investment trust focused on private equity investments. It manages a portfolio of buyout and growth capital assets for shareholders, seeking to deliver long-term capital growth through a diversified range of private equity strategies and managers.
Average Trading Volume: 72,629
Technical Sentiment Signal: Buy
Current Market Cap: £933.5M
Learn more about ICGT stock on TipRanks’ Stock Analysis page.