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ICG Enterprise Trust PLC GBP ( (GB:ICGT) ) just unveiled an announcement.
ICG Enterprise Trust PLC, a company involved in investment management, announced the repurchase of 35,000 of its own shares to be held as treasury shares at an average price of 1490 pence per share. This buyback is part of the authority granted by shareholders at the Annual General Meeting in June 2025, allowing the company to repurchase up to 14.99% of its ordinary shares. The move is in line with the company’s strategy to manage its capital structure and is conducted under the guidance of Numis Securities Limited as its broker.
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
Average Trading Volume: 68,403
Technical Sentiment Signal: Buy
Current Market Cap: £939.8M
See more insights into ICGT stock on TipRanks’ Stock Analysis page.