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TruFin Acquires and Cancels Own Shares, Updates Voting Rights

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TruFin Acquires and Cancels Own Shares, Updates Voting Rights

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TruFin ( (GB:TRU) ) has provided an announcement.

TruFin plc has announced the acquisition of 108,974 of its own ordinary shares at an average price of 119.30 pence per share, with plans to cancel these shares. This transaction affects the total number of ordinary shares with voting rights, now totaling 100,782,946, which is relevant for shareholders 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 comprising three growth-focused technology businesses operating in niche markets: early payment provision, invoice finance, and mobile games publishing. The company was admitted to AIM in February 2018 and trades under the ticker symbol: TRU.

Average Trading Volume: 273,987

Technical Sentiment Signal: Buy

Current Market Cap: £119.1M

See more data about TRU stock on TipRanks’ Stock Analysis page.

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