Monks Investment Trust Buys Back 325,000 Shares for Treasury Holdings

Monks Investment Trust Shs GBP ( (GB:MNKS) ) just unveiled an announcement.

The Monks Investment Trust PLC has bought back 325,000 ordinary shares at 1,547.28p per share, with the repurchased stock to be held in treasury rather than cancelled. Following this buyback, the trust now holds 90,141,930 shares in treasury and has 163,029,530 shares in issue excluding treasury holdings, a figure shareholders are advised to use when calculating whether they must notify changes in their holdings under FCA disclosure and transparency rules, underscoring the ongoing impact of the company’s capital management activities on investor 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, offering investors actively managed portfolios with the aim of long-term capital growth. Its shares trade in ordinary share form on the London market, and the trust is managed and administered by Baillie Gifford & Co Limited.

Average Trading Volume: 566,431

Technical Sentiment Signal: Buy

For detailed information about MNKS stock, go to TipRanks’ Stock Analysis page.