Pacific Horizon Investment Trust PLC ( (GB:PHI) ) just unveiled an update.
Pacific Horizon Investment Trust PLC has announced the purchase of 45,722 of its own ordinary shares at a price of 556.45p, which will be held in Treasury. This transaction results in a total of 3,731,110 shares held in Treasury, with 88,343,851 shares remaining in issue. Shareholders can use this figure to determine any necessary notifications regarding their interests under the FCA’s Disclosure Guidance and Transparency Rules.
Spark’s Take on GB:PHI Stock
According to Spark, TipRanks’ AI Analyst, GB:PHI is a Neutral.
Pacific Horizon Investment Trust PLC’s strong financial structure and positive corporate events are offset by technical indicators suggesting bearish momentum and cash flow challenges. The stock appears undervalued, presenting potential opportunities, though risks remain regarding cash management and market trends.
To see Spark’s full report on GB:PHI stock, click here.
More about Pacific Horizon Investment Trust PLC
YTD Price Performance: -3.50%
Average Trading Volume: 193,724
Technical Sentiment Signal: Buy
For detailed information about PHI stock, go to TipRanks’ Stock Analysis page.