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The latest announcement is out from Picton Property Income ( (GB:PCTN) ).
Picton Property Income Limited has announced the purchase and cancellation of 110,000 of its Ordinary Shares on the London Stock Exchange, at an average price of 78.4 pence per share. This transaction reduces the total number of shares in issue to 520,087,000, affecting the voting rights and potential shareholder notifications under the Financial Conduct Authority’s rules.
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
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 high performance and income returns, particularly in the industrial sector, and aims to achieve net zero carbon by 2040.
YTD Price Performance: 27.00%
Average Trading Volume: 883,230
Technical Sentiment Signal: Strong Buy
Current Market Cap: £403.8M
See more insights into PCTN stock on TipRanks’ Stock Analysis page.