Finsbury Growth & Income Trust PLC Acquires Own Shares

Finsbury Gwth & Inc Shs ( (GB:FGT) ) has provided an update.

Finsbury Growth & Income Trust PLC has announced the purchase of 53,500 of its own shares at a price of 908.29 pence per share, which will be held in treasury. This transaction increases the total number of shares held in treasury to 80,833,971, and the total number of voting rights in the company is now 144,157,332, which shareholders can use as a denominator for voting rights calculations.

Spark’s Take on GB:FGT Stock

According to Spark, TipRanks’ AI Analyst, GB:FGT is a Outperform.

Finsbury Growth & Income Trust’s overall stock score of 71 reflects a strong financial position and positive corporate developments. The robust balance sheet and reasonable valuation underpin the score, while challenges remain in operational efficiency and technical momentum. The company’s recent governance and strategic actions, such as the portfolio manager’s stake increase, add to investor confidence.

To see Spark’s full report on GB:FGT stock, click here.

More about Finsbury Gwth & Inc Shs

Average Trading Volume: 380,224

Technical Sentiment Signal: Strong Buy

For a thorough assessment of FGT stock, go to TipRanks’ Stock Analysis page.