Finsbury Growth & Income Trust PLC Buys Back Shares

Finsbury Gwth & Inc Shs ( (GB:FGT) ) just unveiled an update.

Finsbury Growth & Income Trust PLC has announced the purchase of 19,239 of its own shares at a price of 934.00 pence per share, which will be held in treasury. This transaction increases the total number of shares held in treasury to 80,682,971, leaving 144,308,332 shares with voting rights. This move could impact shareholder calculations of voting interests in line with FCA rules.

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: 412,485

Technical Sentiment Signal: Strong Buy

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