TipRanks Black Friday Sale
- Claim 60% off TipRanks Premium for the data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Picton Property Income ( (GB:PCTN) ) has shared an update.
Picton Property Income Limited has repurchased 100,000 of its Ordinary Shares for cancellation, trading on the London Stock Exchange at an average price of 74.8 pence per share. This transaction reduces the total number of shares in issue to 517,947,390, impacting shareholder voting rights and potentially enhancing shareholder value by reducing the share count.
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 owns and manages a £695 million commercial property portfolio across 46 assets with around 300 occupiers. Picton focuses on delivering high performance and income returns, particularly in the industrial sector, and is committed to achieving net zero carbon by 2040.
Average Trading Volume: 956,993
Technical Sentiment Signal: Buy
Current Market Cap: £383.6M
For a thorough assessment of PCTN stock, go to TipRanks’ Stock Analysis page.