Monks Investment Trust Buys Back 85,000 Shares for Treasury

Monks Investment Trust Shs GBP ( (GB:MNKS) ) has shared an announcement.

The Monks Investment Trust PLC has repurchased 85,000 of its ordinary shares at 1,545.75p each, with the shares to be held in treasury, continuing its active capital management strategy. Following this transaction, the trust now holds 90,226,930 shares in treasury and has 162,944,530 shares in issue excluding treasury stock, a figure that shareholders are advised to use as the denominator when calculating whether they must disclose changes in their holdings under FCA transparency rules.

The most recent analyst rating on (GB:MNKS) stock is a Buy with a £1715.00 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, focusing on a diversified portfolio of global equities to deliver long-term capital growth for shareholders. As a closed-ended fund, it actively manages its share capital, including the use of share buybacks and treasury shares, to support efficient capital allocation and potentially enhance net asset value per share.

Average Trading Volume: 542,087

Technical Sentiment Signal: Buy

For a thorough assessment of MNKS stock, go to TipRanks’ Stock Analysis page.