Baillie Gifford European Growth Trust Buys Back 140,000 Shares for Treasury
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Baillie Gifford European Growth Trust PLC has repurchased 140,000 shares at 96.60p each, which will be held in treasury. This adjustment in capital structure aims to support the share price and allow for future buyback strategies. The trust now holds 106,558,323 shares in treasury, with 295,885,367 shares in issue. Analysts rate the stock as a Hold with a £96.00 price target, reflecting mixed financial performance and a neutral outlook. The trust focuses on European equities, seeking long-term capital growth through a concentrated portfolio of growth-oriented companies.
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