Monks Investment Trust Buys Back 75,000 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, has continued its active capital management by repurchasing 75,000 of its own ordinary shares at a price of 1,494.80p per share, to be held in treasury. Following this transaction, the company now holds 89,326,930 shares in treasury, leaving 163,844,530 shares in issue excluding treasury stock, a figure that shareholders are advised to use when calculating disclosure thresholds under the FCA’s transparency rules, underscoring the trust’s ongoing use of buybacks as a tool to manage its share base and potentially enhance shareholder value.

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 long-term capital growth to its shareholders through a managed portfolio of international investments.

Average Trading Volume: 608,319

Technical Sentiment Signal: Buy

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