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Monks Investment Trust Shs GBP ( (GB:MNKS) ) has issued an update.
Monks Investment Trust PLC has repurchased 155,000 of its own ordinary shares at a price of 1,537.74p per share, with the stock to be held in treasury rather than cancelled. Following this buyback, the company now holds 90,931,930 shares in treasury, leaving 162,239,530 shares in issue, a figure shareholders are advised to use when calculating disclosure thresholds under the FCA’s transparency rules, highlighting the ongoing active management of the trust’s capital structure.
The most recent analyst rating on (GB:MNKS) stock is a Buy with a £1699.00 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
Monks Investment Trust PLC is a UK-listed investment trust that provides investors with diversified exposure to global equities, aiming for long-term capital growth through a managed portfolio of international shares.
Average Trading Volume: 491,916
Technical Sentiment Signal: Buy
For an in-depth examination of MNKS stock, go to TipRanks’ Overview page.