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Monks Investment Trust Shs GBP ( (GB:MNKS) ) has provided an update.
Monks Investment Trust PLC has repurchased 25,000 of its ordinary shares at 1,552.00p per share, with the acquired stock to be held in treasury. Following this transaction, the company now holds 90,336,930 shares in treasury and has 162,834,530 shares in issue excluding treasury stock, a figure that shareholders are advised to use when calculating whether they must disclose changes to their holdings under the FCA’s Disclosure Guidance and Transparency Rules.
The most recent analyst rating on (GB:MNKS) stock is a Buy with a £1715.00 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 exposure to a diversified portfolio of assets through actively managed ordinary shares. It operates in the investment management industry, focusing on delivering long-term capital growth for shareholders via listed investment vehicles on the London market.
Average Trading Volume: 523,323
Technical Sentiment Signal: Buy
For detailed information about MNKS stock, go to TipRanks’ Stock Analysis page.