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Monks Investment Trust Shs GBP ( (GB:MNKS) ) has shared an announcement.
The Monks Investment Trust PLC has bought back 65,000 of its own ordinary shares at 1,517.59p each, with the repurchased stock to be held in treasury rather than cancelled. Following this transaction, the company holds 89,591,930 shares in treasury and has 163,579,530 shares in issue excluding treasury holdings, a figure shareholders are advised to use when calculating whether they must notify the market of changes in their ownership under FCA disclosure rules.
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 managed by Baillie Gifford, focused on providing investors with long-term capital growth through a diversified global equity portfolio. Its shares trade in sterling and are subject to UK regulatory and disclosure requirements for listed investment companies.
Average Trading Volume: 592,957
Technical Sentiment Signal: Buy
For a thorough assessment of MNKS stock, go to TipRanks’ Stock Analysis page.