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Henderson High Income Trust PLC ( (GB:HHI) ) has issued an announcement.
Henderson High Income Trust PLC announced the market purchase of 19,625 of its own shares at a price of 182.7217p per share, following the authority granted at the Annual General Meeting. This move is part of the company’s strategy to manage its share capital effectively, with the purchased shares being held in treasury, thus slightly reducing the number of voting shares 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 investment management industry, focusing on providing high-income investment opportunities. The company primarily deals with investment trusts, aiming to deliver a high level of income as well as capital growth over the long term.
Average Trading Volume: 215,533
Technical Sentiment Signal: Buy
Find detailed analytics on HHI stock on TipRanks’ Stock Analysis page.