Claim 70% Off TipRanks This Holiday Season
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
TruFin ( (GB:TRU) ) has shared an update.
TruFin has announced the acquisition of 1,215,000 of its own Ordinary Shares at an average price of 119.00 pence per share, with plans to cancel these shares. This transaction, which exceeded 50% of the average daily trading volume, reflects the company’s strategic decision to manage its share capital and could impact shareholder calculations under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:TRU) stock is a Buy with a £132.00 price target. To see the full list of analyst forecasts on TruFin stock, see the GB:TRU Stock Forecast page.
Spark’s Take on GB:TRU Stock
According to Spark, TipRanks’ AI Analyst, GB:TRU is a Outperform.
TruFin’s strong financial performance and positive corporate events are the most significant factors driving the stock score. The technical analysis supports a bullish outlook, although valuation concerns slightly temper the overall score. The absence of earnings call data does not impact the assessment.
To see Spark’s full report on GB:TRU stock, click here.
More about TruFin
TruFin plc is a holding company that oversees three growth-focused technology businesses in niche markets, specifically in early payment provision, invoice finance, and mobile games publishing. The company was listed on AIM in February 2018 and trades under the ticker symbol TRU.
YTD Price Performance: 42.17%
Average Trading Volume: 290,079
Technical Sentiment Signal: Buy
Current Market Cap: £118.5M
Find detailed analytics on TRU stock on TipRanks’ Stock Analysis page.