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An update from Picton Property Income ( (GB:PCTN) ) is now available.
Picton Property Income Limited announced the purchase and cancellation of 145,000 of its Ordinary Shares on the London Stock Exchange, reducing the total number of shares in issue to 523,065,000. This transaction impacts the company’s voting rights and may affect shareholder notifications under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £79.00 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
Established in 2005, Picton Property Income Limited 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 with around 350 occupiers. Picton focuses on delivering superior performance and income returns, particularly in the industrial sector, and aims to achieve net zero carbon by 2040.
Average Trading Volume: 866,569
Technical Sentiment Signal: Strong Buy
Current Market Cap: £401.1M
Find detailed analytics on PCTN stock on TipRanks’ Stock Analysis page.