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Picton Property Income ( (GB:PCTN) ) just unveiled an update.
Picton Property Income Limited has repurchased and canceled 68,530 of its ordinary shares, trading on the London Stock Exchange at an average price of 77.0 pence per share. This transaction reduces the total number of shares in issue to 519,500,790, impacting shareholder voting rights and potentially enhancing shareholder value by reducing share dilution.
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, focusing on industrial assets and aiming for consistent outperformance and income returns. Picton is committed to sustainability, targeting net zero carbon by 2040.
Average Trading Volume: 906,331
Technical Sentiment Signal: Buy
Current Market Cap: £395.6M
See more data about PCTN stock on TipRanks’ Stock Analysis page.