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Monks Investment Trust Shs GBP ( (GB:MNKS) ) has provided an announcement.
Monks Investment Trust PLC, managed by Baillie Gifford & Co Limited, announced the purchase of 100,000 of its own ordinary shares at a price of 1,255.97p, which will be held in Treasury. This transaction adjusts the number of shares available for trading and impacts shareholder calculations under the FCA’s rules, as the total shares in issue, excluding those held in Treasury, now amount to 185,700,666.
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: 415,849
Technical Sentiment Signal: Strong Buy
See more insights into MNKS stock on TipRanks’ Stock Analysis page.