Monks Investment Trust Buys Back 25,000 Shares for Treasury

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

The Monks Investment Trust PLC has repurchased 25,000 of its own ordinary shares at 1,550.00p per share, with the shares to be held in treasury rather than cancelled. Following this transaction, Monks now holds 89,816,930 shares in treasury, leaving 163,354,530 shares in issue, a figure the company highlighted as the new denominator for investors assessing whether they must notify changes in their holdings under the FCA’s disclosure and transparency rules, underscoring the trust’s ongoing capital management activity and its implications for shareholder reporting obligations.

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 for institutional and retail investors, aiming for long-term capital growth through an actively managed portfolio. It is managed by Baillie Gifford & Co Limited, a prominent Edinburgh-based investment management firm, and its shares trade in the UK market in sterling.

Average Trading Volume: 578,475

Technical Sentiment Signal: Buy

For an in-depth examination of MNKS stock, go to TipRanks’ Overview page.