Finsbury Growth & Income Trust PLC Executes Share Buyback

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

Finsbury Growth & Income Trust PLC has executed a market purchase of 47,500 of its own ordinary shares at a price of 906.37 pence per share. These shares will be held in treasury, increasing the total number of treasury shares to 80,780,471. Consequently, the total number of voting rights in the company is now 144,210,832, which shareholders can use as a denominator for calculating interests in voting rights according to 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: 381,920

Technical Sentiment Signal: Strong Buy

For detailed information about FGT stock, go to TipRanks’ Stock Analysis page.