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Monks Investment Trust Shs GBP ( (GB:MNKS) ) has issued an announcement.
The Monks Investment Trust PLC, a UK-based global equity investment trust managed by Baillie Gifford, provides long-term capital growth to investors through a diversified portfolio of international shares listed in sterling on the London market. The company has repurchased 85,000 of its own ordinary shares at 1,535.79p each to be held in treasury, bringing total treasury holdings to 90,311,930 shares and leaving 162,859,530 shares in issue. This buyback, classified as an acquisition of the issuer’s own shares, adjusts the free float and provides the updated denominator shareholders must use to assess whether they need to notify holdings under the FCA’s Disclosure Guidance and Transparency Rules, potentially affecting major shareholding disclosure obligations for investors.
The most recent analyst rating on (GB:MNKS) stock is a Buy with a £1715.00 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-listed investment trust focused on building a diversified portfolio of global equities, offering investors long-term capital growth through professionally managed exposure to international stock markets. Its shares trade in sterling on the London market and it is managed and administered by Baillie Gifford & Co Limited.
Average Trading Volume: 533,345
Technical Sentiment Signal: Buy
See more data about MNKS stock on TipRanks’ Stock Analysis page.