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The latest update is out from Picton Property Income ( (GB:PCTN) ).
Picton Property Income Limited announced the purchase and cancellation of 200,000 of its Ordinary Shares on the London Stock Exchange, reducing its total shares in issue to 519,027,390. This transaction reflects Picton’s strategic approach to managing its share capital and may impact shareholder calculations under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £84.00 price target. To see the full list of analyst forecasts on Picton Property Income stock, see the GB:PCTN Stock Forecast page.
Spark’s Take on GB:PCTN Stock
According to Spark, TipRanks’ AI Analyst, GB:PCTN is a Neutral.
Picton Property Income’s overall score is driven by strong technical indicators and attractive valuation metrics. However, financial performance is mixed due to revenue and cash flow volatility, which slightly dampens the overall outlook.
To see Spark’s full report on GB:PCTN stock, click here.
More about Picton Property Income
Established in 2005, Picton Property Income Limited is a UK-based real estate investment trust (REIT) listed on the London Stock Exchange. The company manages a £695 million commercial property portfolio across 46 assets, primarily focusing on the industrial sector. Picton aims to deliver superior performance and income returns, with a commitment to achieving net zero carbon by 2040.
Average Trading Volume: 916,063
Technical Sentiment Signal: Strong Buy
Current Market Cap: £390.8M
For a thorough assessment of PCTN stock, go to TipRanks’ Stock Analysis page.