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Monks Investment Trust Shs GBP ( (GB:MNKS) ) has provided an announcement.
Monks Investment Trust PLC, a company involved in investment management, has announced the purchase of 200,000 of its own ordinary shares at a price of 1,227.35 pence per share. These shares will be held in Treasury, bringing the total number of shares held in Treasury to 67,153,794. This transaction impacts the total shares in issue, which now stand at 186,017,666, a figure shareholders can use for regulatory calculations under the FCA’s Disclosure Guidance and Transparency 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: 441,024
Technical Sentiment Signal: Buy
See more insights into MNKS stock on TipRanks’ Stock Analysis page.