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Monks Investment Trust Shs GBP ( (GB:MNKS) ) has shared an announcement.
Monks Investment Trust PLC, managed by Baillie Gifford & Co Limited, announced the purchase of 75,000 of its own ordinary shares at a price of 1,353.83p, which will be held in Treasury. This transaction brings the total number of shares held in Treasury to 70,619,794, with 182,551,666 shares remaining in issue. Shareholders can use this figure for calculating their interests 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: 373,483
Technical Sentiment Signal: Buy
See more data about MNKS stock on TipRanks’ Stock Analysis page.