Monks Investment Trust Buys Back 200,000 Shares for Treasury

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

The Monks Investment Trust PLC, a UK-based global equity investment trust, focuses on delivering long-term capital growth to shareholders through a diversified portfolio of international investments. The company has repurchased 200,000 ordinary shares at 1,499.00p each and will hold them in treasury, bringing total treasury shares to 89,526,930 and leaving 163,644,530 shares in issue. This buyback adjusts the company’s share capital structure and provides the updated share count that investors must use when assessing and reporting their holdings under the FCA’s Disclosure Guidance and Transparency Rules.

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-listed investment trust that provides diversified exposure to global equities, offering investors long-term capital growth through a managed portfolio of international stocks.

Average Trading Volume: 603,253

Technical Sentiment Signal: Buy

Find detailed analytics on MNKS stock on TipRanks’ Stock Analysis page.