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Picton Property Income ( (GB:PCTN) ) just unveiled an update.
Picton Property Income Limited has repurchased and cancelled 133,003 of its ordinary shares, traded on the London Stock Exchange, at an average price of 80.4 pence per share. This transaction reduces the total number of shares in issue to 520,761,997, impacting the company’s voting rights and potentially affecting shareholder interests under the Financial Conduct Authority’s regulations.
The most recent analyst rating on (GB:PCTN) stock is a Hold with a £84.00 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 strong technical indicators and attractive valuation metrics. However, financial performance is mixed due to revenue and cash flow volatility, which slightly dampens the overall outlook.
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. It manages a £726 million commercial property portfolio across 47 assets with around 350 occupiers, focusing on delivering superior income returns and capital growth, particularly in the industrial sector. Picton is committed to a net zero carbon goal by 2040.
Average Trading Volume: 878,704
Technical Sentiment Signal: Buy
Current Market Cap: £419.5M
For an in-depth examination of PCTN stock, go to TipRanks’ Overview page.