Monks Investment Trust Buys Back 70,000 Shares for Treasury

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

Monks Investment Trust PLC has repurchased 70,000 of its own ordinary shares at 1,521.97p per share, with the shares to be held in treasury, as part of its capital management activities. Following this transaction, the company now holds 90,576,930 shares in treasury and has 162,594,530 shares in issue excluding treasury stock, a figure shareholders can use to assess whether they must disclose changes in their holdings under UK regulatory transparency rules, potentially affecting how larger investors manage and report their positions in the trust.

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 diversified exposure to global equities, aiming for long-term capital growth for its shareholders. Managed by Baillie Gifford, the trust invests across a broad range of sectors and markets, serving institutional and retail investors seeking actively managed global equity portfolios.

Average Trading Volume: 500,284

Technical Sentiment Signal: Buy

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