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Monks Investment Trust Shs GBP ( (GB:MNKS) ) has issued an announcement.
Monks Investment Trust PLC, a company involved in investment management, announced the purchase of 1,527,847 of its own ordinary shares at a price of 1,373.92p each. These shares will be held in Treasury, increasing the total number of shares in Treasury to 75,112,641. This transaction affects the total number of shares in issue, which is now 178,058,819, a figure that shareholders can use to determine their notification requirements 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: 428,230
Technical Sentiment Signal: Buy
For an in-depth examination of MNKS stock, go to TipRanks’ Overview page.