Henderson High Income Trust PLC ( (GB:HHI) ) just unveiled an announcement.
Henderson High Income Trust PLC announced a market purchase of 12,500 of its own ordinary shares at a price of 149.6p per share, as per the authority granted at its Annual General Meeting. This transaction reduces the number of voting rights in the company to 170,792,584, as the shares bought will be held in treasury and have no voting rights, potentially impacting shareholder influence and company control dynamics.
Spark’s Take on GB:HHI Stock
According to Spark, TipRanks’ AI Analyst, GB:HHI is a Outperform.
Henderson High Income Trust PLC’s overall stock score is supported by strong financial performance and a robust valuation. The company’s strategic initiatives, including share buybacks and management fee reductions, contribute to an optimistic outlook. However, technical analysis suggests short-term caution, with the stock trading below its short-term moving averages.
To see Spark’s full report on GB:HHI stock, click here.
More about Henderson High Income Trust PLC
YTD Price Performance: -3.38%
Average Trading Volume: 226,572
Learn more about HHI stock on TipRanks’ Stock Analysis page.