Monks Investment Trust Buys Back 170,000 Shares for Treasury

Monks Investment Trust Shs GBP ( (GB:MNKS) ) has issued an update.

The Monks Investment Trust PLC, a UK-listed global equity investment trust managed by Baillie Gifford, offers shareholders access to a diversified portfolio aimed at long-term capital appreciation. The company has repurchased 170,000 of its own ordinary shares at 1,531.90p per share, which will be held in treasury, bringing total treasury holdings to 90,506,930 shares and leaving 162,664,530 shares in issue. This transaction modestly reduces the free float and can be used by investors as the reference figure for regulatory threshold calculations under the FCA’s disclosure and transparency rules, signalling continued active capital management by the trust’s board.

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

The Monks Investment Trust PLC is a UK-listed investment trust that provides diversified exposure to global equities, offering investors long-term capital growth through an actively managed portfolio overseen by Baillie Gifford.

Average Trading Volume: 504,366

Technical Sentiment Signal: Buy

Learn more about MNKS stock on TipRanks’ Stock Analysis page.