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Monks Investment Trust Shs GBP ( (GB:MNKS) ) has issued an announcement.
Monks Investment Trust PLC has announced the purchase of 200,000 of its own ordinary shares at a price of 1,267.24p, which will be held in Treasury. This transaction affects the total number of shares in issue, now standing at 185,500,666, which shareholders can use as a reference for their interest calculations in compliance with 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
Monks Investment Trust PLC operates in the investment management industry, focusing on providing investment services primarily through the management of a diversified portfolio of securities.
Average Trading Volume: 415,771
Technical Sentiment Signal: Strong Buy
For a thorough assessment of MNKS stock, go to TipRanks’ Stock Analysis page.