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TruFin ( (GB:TRU) ) just unveiled an announcement.
TruFin plc announced the acquisition of 500,000 of its own ordinary shares at an average price of 114.80 pence per share, with plans to cancel these shares. This transaction, which exceeded 50% of the average daily traded volume on the London Stock Exchange over the previous 20 trading days, 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 operates three growth-focused technology businesses in niche markets, including early payment provision, invoice finance, and mobile games publishing. The company, which trades under the ticker symbol TRU, was admitted to AIM in February 2018.
Average Trading Volume: 253,336
Technical Sentiment Signal: Buy
Current Market Cap: £116.3M
See more data about TRU stock on TipRanks’ Stock Analysis page.