Monks Investment Trust Buys Back 200,000 Shares for Treasury

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

The Monks Investment Trust PLC has repurchased 200,000 of its own ordinary shares at a price of 1,543.12p per share, with the bought-back stock to be held in treasury rather than cancelled. Following this transaction, the company now holds 90,776,930 shares in treasury, leaving 162,394,530 shares in issue excluding treasury stock, a figure shareholders are advised to use when assessing whether they must notify the regulator of changes in their holdings under FCA disclosure and transparency rules.

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 investors with diversified exposure to global equities through a managed portfolio of listed securities, offering long-term capital growth as its primary objective. Its shares trade in sterling, with Baillie Gifford & Co Limited acting as company secretary and manager, positioning the trust within the broader UK investment trust and asset management sector.

Average Trading Volume: 492,827

Technical Sentiment Signal: Buy

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