The latest update is out from Henderson High Income Trust PLC ( (GB:HHI) ).
Henderson High Income Trust PLC announced the market purchase of 21,503 of its own shares at 172p each, as authorized in the 2024 Annual General Meeting. This move aims to manage the company’s share capital effectively, with the purchased shares held in treasury, impacting the total number of voting rights available to shareholders.
Spark’s Take on GB:HHI Stock
According to Spark, TipRanks’ AI Analyst, GB:HHI is a Outperform.
Henderson High Income Trust PLC’s overall stock score is supported by strong financial performance and a robust valuation. The company’s strategic initiatives, including share buybacks and management fee reductions, contribute to an optimistic outlook. However, technical analysis suggests short-term caution, with the stock trading below its short-term moving averages.
To see Spark’s full report on GB:HHI stock, click here.
More about Henderson High Income Trust PLC
Henderson High Income Trust PLC operates in the financial services industry, focusing on investment management. The company primarily provides high-income investment opportunities to its stakeholders, leveraging market purchases and strategic asset management to enhance shareholder value.
YTD Price Performance: 4.92%
Average Trading Volume: 250,066
See more data about HHI stock on TipRanks’ Stock Analysis page.