Monks Investment Trust PLC Acquires 300,000 Shares for Treasury

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

Monks Investment Trust PLC, managed by Baillie Gifford & Co Limited, announced the purchase of 300,000 of its own ordinary shares at a price of 1,358.22p, which will be held in Treasury. This transaction affects the number of shares available for trading, with 183,616,666 shares remaining in issue after accounting for those held in Treasury, impacting shareholder calculations under FCA’s rules.

Spark’s Take on GB:MNKS Stock

According to Spark, TipRanks’ AI Analyst, GB:MNKS is a Outperform.

Monks Investment Trust shows strong financial performance with excellent profitability and a solid balance sheet. However, technical indicators suggest a bearish trend, which warrants caution. The stock appears undervalued with its low P/E ratio, but a low dividend yield may deter dividend-seeking investors. The recent appointment of an experienced director adds a positive aspect to the company’s governance, further supporting its growth potential.

To see Spark’s full report on GB:MNKS stock, click here.

More about Monks Investment Trust Shs GBP

Average Trading Volume: 342,437

Technical Sentiment Signal: Buy

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