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TruFin ( (GB:TRU) ) has provided an announcement.
TruFin plc announced the acquisition of 350,000 of its own Ordinary Shares at an average price of 119.71 pence per share, with plans to cancel them. This purchase exceeded 50% of the average daily traded volume on the London Stock Exchange over the prior 20 trading days, reflecting a strategic move to manage share capital and potentially enhance shareholder value.
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 for three technology businesses focusing on early payment provision, invoice finance, and mobile games publishing. The company operates in niche markets and was admitted to AIM in February 2018 under the ticker symbol TRU.
Average Trading Volume: 283,793
Technical Sentiment Signal: Buy
Current Market Cap: £122.1M
For a thorough assessment of TRU stock, go to TipRanks’ Stock Analysis page.