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The latest update is out from Picton Property Income ( (GB:PCTN) ).
Picton Property Income Limited announced the purchase and cancellation of 100,000 of its ordinary shares, executed through Stifel Nicolaus Europe Limited on the London Stock Exchange. This transaction reduces the total number of shares in issue to 522,615,000, impacting the company’s total voting rights and potentially affecting shareholder notifications under regulatory guidelines.
The most recent analyst rating on (GB:PCTN) stock is a Buy with a £0.90 price target. To see the full list of analyst forecasts on Picton Property Income stock, see the GB:PCTN Stock Forecast page.
Spark’s Take on GB:PCTN Stock
According to Spark, TipRanks’ AI Analyst, GB:PCTN is a Neutral.
Picton Property Income’s overall score is driven by its strong valuation metrics and stable balance sheet. However, financial performance is hindered by revenue and cash flow volatility. Technical indicators suggest a neutral market position, with no immediate signs of significant upward or downward momentum.
To see Spark’s full report on GB:PCTN stock, click here.
More about Picton Property Income
Picton Property Income Limited, established in 2005, is a UK-based real estate investment trust (REIT) listed on the London Stock Exchange. The company manages a £726 million commercial property portfolio across 47 assets, focusing on industrial sectors and aiming for consistent outperformance and income returns. Picton is committed to a net zero carbon goal by 2040.
Average Trading Volume: 914,278
Technical Sentiment Signal: Buy
Current Market Cap: £405.8M
For a thorough assessment of PCTN stock, go to TipRanks’ Stock Analysis page.