Monks Investment Trust Buys Back 400,000 Shares for Treasury

An announcement from Monks Investment Trust Shs GBP ( (GB:MNKS) ) is now available.

The Monks Investment Trust PLC, a UK-based global equity investment trust managed by Baillie Gifford, offers investors access to a diversified portfolio aimed at long-term capital appreciation. The company has repurchased 400,000 of its ordinary shares at 1,535.91p each to be held in treasury, bringing its treasury holding to 91,331,930 shares and leaving 161,839,530 shares in issue for regulatory reporting purposes; this move may support the share price and capital management strategy, while providing a new denominator for shareholders assessing disclosure obligations under the FCA’s 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 shareholders with diversified exposure to global equities, managed by Baillie Gifford & Co, with a focus on long-term capital growth through a broad portfolio of international investments.

Average Trading Volume: 489,771

Technical Sentiment Signal: Buy

See more data about MNKS stock on TipRanks’ Stock Analysis page.