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Monks Investment Trust Shs GBP ( (GB:MNKS) ) has shared an update.
Monks Investment Trust PLC announced the purchase of 170,000 of its own ordinary shares at a price of 1,246.22p per share, which will be held in Treasury. This transaction affects the total number of shares in issue, now at 186,417,666, which shareholders can use as a reference for determining changes in their interest under the FCA’s Disclosure Guidance and Transparency Rules.
Spark’s Take on GB:MNKS Stock
According to Spark, TipRanks’ AI Analyst, GB:MNKS is a Outperform.
Monks Investment Trust shows strong financial performance with excellent profitability and a solid balance sheet. However, technical indicators suggest a bearish trend, which warrants caution. The stock appears undervalued with its low P/E ratio, but a low dividend yield may deter dividend-seeking investors. The recent appointment of an experienced director adds a positive aspect to the company’s governance, further supporting its growth potential.
To see Spark’s full report on GB:MNKS stock, click here.
More about Monks Investment Trust Shs GBP
Monks Investment Trust PLC operates in the financial services industry, focusing on investment management. The company is involved in the acquisition and management of a diversified portfolio of securities to generate long-term capital growth for its shareholders.
Average Trading Volume: 459,103
Technical Sentiment Signal: Buy
Find detailed analytics on MNKS stock on TipRanks’ Stock Analysis page.