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TruFin ( (GB:TRU) ) has issued an announcement.
TruFin plc announced the acquisition of 556,462 of its own ordinary shares from the market, exceeding 50% of the average daily traded volume on the London Stock Exchange over the past 20 trading days. The company intends to cancel these shares as part of its £4 million Share Buyback Programme, which is now complete. This move impacts the total voting rights, which now stand at 98,661,484 ordinary shares, and provides shareholders with a new denominator for calculating their interests under the Financial Conduct Authority’s rules.
The most recent analyst rating on (GB:TRU) stock is a Buy with a £132.00 price target. To see the full list of analyst forecasts on TruFin stock, see the GB:TRU Stock Forecast page.
Spark’s Take on GB:TRU Stock
According to Spark, TipRanks’ AI Analyst, GB:TRU is a Outperform.
TruFin’s strong financial performance and positive corporate events are the most significant factors driving the stock score. The technical analysis supports a bullish outlook, although valuation concerns slightly temper the overall score. The absence of earnings call data does not impact the assessment.
To see Spark’s full report on GB:TRU stock, click here.
More about TruFin
TruFin plc is a holding company for three technology businesses focused on niche markets, including early payment provision, invoice finance, and mobile games publishing. The company was listed on AIM in February 2018 and trades under the ticker symbol TRU.
Average Trading Volume: 291,471
Technical Sentiment Signal: Buy
Current Market Cap: £118.5M
For detailed information about TRU stock, go to TipRanks’ Stock Analysis page.