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Monks Investment Trust Shs GBP ( (GB:MNKS) ) has shared an announcement.
The Monks Investment Trust PLC, a UK-listed global equity investment trust managed by Baillie Gifford, provides investors with access to a diversified portfolio of growth-oriented companies worldwide through its ordinary shares traded on the London market. The company has bought back 200,000 of its ordinary shares at 1,537.05p each to be held in treasury, bringing its total treasury holdings to 89,791,930 shares and leaving 163,379,530 shares in issue. This transaction, classified as an acquisition of the issuer’s own shares, adjusts the denominator used by investors for calculating notifiable shareholdings under FCA transparency rules, and may marginally enhance net asset value per share for remaining shareholders by reducing the effective free float.
The most recent analyst rating on (GB:MNKS) stock is a Hold with a £1632.00 price target. To see the full list of analyst forecasts on Monks Investment Trust Shs GBP stock, see the GB:MNKS Stock Forecast page.
Spark’s Take on GB:MNKS Stock
According to Spark, TipRanks’ AI Analyst, GB:MNKS is a Neutral.
The score is held back primarily by highly volatile earnings/revenue and inconsistent cash conversion despite a conservative balance sheet and positive cash flows. Technicals are supportive with price above key moving averages and positive MACD, while valuation looks attractive (low P/E and ~3.38% yield). Corporate actions (notably buybacks) add a modest positive offset.
To see Spark’s full report on GB:MNKS stock, click here.
More about Monks Investment Trust Shs GBP
The Monks Investment Trust PLC is a UK-based listed investment trust that offers shareholders diversified exposure to global equities, managed with a long-term growth focus under the stewardship of Baillie Gifford & Co Limited as company secretary.
Average Trading Volume: 589,623
Technical Sentiment Signal: Buy
See more insights into MNKS stock on TipRanks’ Stock Analysis page.