Baillie Gifford European Growth Trust Boosts Treasury Stock with Share Buyback
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Baillie Gifford European Growth Trust PLC has repurchased 140,000 ordinary shares at 98.80p each, which will be held in treasury. This buyback is part of the trust's capital management strategy, adjusting the balance of shares in issue and treasury. The trust now holds 104,598,323 shares in treasury and has 297,845,367 shares in issue. The latest analyst rating for the stock is a Buy with a £118.00 price target, while Spark's AI Analyst rates it as Neutral, citing mixed financial performance and a balanced outlook.
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