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Henderson High Income Trust PLC ( (GB:HHI) ) has shared an update.
Henderson High Income Trust PLC announced the market purchase of 62,686 of its own ordinary shares at a price of 182.2913p per share, following the authority granted at its Annual General Meeting. This transaction will see these shares held in treasury, affecting the total number of voting rights, which now stands at 169,823,595, as treasury shares do not carry voting rights.
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 within the financial services industry, focusing on investment management. The company primarily offers investment trusts, providing shareholders with high-income opportunities through diversified portfolios.
Average Trading Volume: 215,138
Technical Sentiment Signal: Buy
For an in-depth examination of HHI stock, go to TipRanks’ Overview page.