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Monks Investment Trust Shs GBP ( (GB:MNKS) ) has shared an announcement.
Monks Investment Trust PLC announced the purchase of 60,000 of its own ordinary shares at a price of 1,382.50p, which will be held in Treasury. This transaction affects the total shares in issue, now standing at 180,476,666, which shareholders can use as a reference for regulatory disclosure requirements.
Spark’s Take on GB:MNKS Stock
According to Spark, TipRanks’ AI Analyst, GB:MNKS is a Outperform.
Monks Investment Trust shows strong financial performance with excellent profitability and a solid balance sheet. However, technical indicators suggest a bearish trend, which warrants caution. The stock appears undervalued with its low P/E ratio, but a low dividend yield may deter dividend-seeking investors. The recent appointment of an experienced director adds a positive aspect to the company’s governance, further supporting its growth potential.
To see Spark’s full report on GB:MNKS stock, click here.
More about Monks Investment Trust Shs GBP
Monks Investment Trust PLC is a company involved in the investment management industry, focusing on managing a diversified portfolio of assets to generate returns for its shareholders.
Average Trading Volume: 411,203
Technical Sentiment Signal: Buy
Learn more about MNKS stock on TipRanks’ Stock Analysis page.