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The latest update is out from Monks Investment Trust Shs GBP ( (GB:MNKS) ).
Monks Investment Trust PLC, a company involved in investment management, announced the purchase of 187,000 of its own ordinary shares at a price of 1,427.24p per share. These shares will be held in Treasury, bringing the total number of shares in Treasury to 79,161,641. This transaction affects the total shares in issue, which now stands at 174,009,819, and shareholders can use this figure for necessary regulatory disclosures.
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
Average Trading Volume: 530,372
Technical Sentiment Signal: Buy
See more insights into MNKS stock on TipRanks’ Stock Analysis page.