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Monks Investment Trust Shs GBP ( (GB:MNKS) ) has issued an announcement.
Monks Investment Trust PLC has announced the purchase of 117,000 of its own ordinary shares at a price of 1,227.26p per share, which will be held in Treasury. This transaction impacts the total number of shares in issue, now standing at 185,900,666 after accounting for shares held in Treasury, and may affect shareholder 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
Monks Investment Trust PLC operates in the financial services industry, focusing on investment management. The company is involved in managing a diversified portfolio of investments, aiming to achieve long-term capital growth for its shareholders.
Average Trading Volume: 435,839
Technical Sentiment Signal: Buy
See more data about MNKS stock on TipRanks’ Stock Analysis page.