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The latest update is out from Picton Property Income ( (GB:PCTN) ).
Picton Property Income Limited has repurchased and cancelled 100,000 of its ordinary shares, reducing the total number of shares in circulation to 521,095,000. This transaction, conducted through Stifel Nicolaus Europe Limited on the London Stock Exchange, reflects Picton’s strategic financial management and may impact shareholder voting rights calculations.
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. The company manages a £726 million commercial property portfolio with a focus on the industrial sector, aiming for consistent outperformance and income returns. Picton is committed to a net zero carbon target by 2040.
Average Trading Volume: 873,863
Technical Sentiment Signal: Strong Buy
Current Market Cap: £407.7M
Find detailed analytics on PCTN stock on TipRanks’ Stock Analysis page.