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The latest announcement is out from Galliford Try ( (GB:GFRD) ).
Galliford Try Holdings PLC, a company involved in the construction and infrastructure industry, has announced the purchase of 15,000 of its ordinary shares at a price of 515 pence each as part of its ongoing share buyback program. This transaction, executed through Peel Hunt LLP, brings the total number of shares repurchased to 132,649 since the program’s initiation. The company intends to cancel these shares, which will adjust the total number of voting rights to 102,091,214. This move is part of Galliford Try’s strategy to manage its capital structure and potentially enhance shareholder value.
The most recent analyst rating on (GB:GFRD) stock is a Buy with a £551.00 price target. To see the full list of analyst forecasts on Galliford Try stock, see the GB:GFRD Stock Forecast page.
Spark’s Take on GB:GFRD Stock
According to Spark, TipRanks’ AI Analyst, GB:GFRD is a Outperform.
Galliford Try’s overall stock score is driven by its strong technical momentum and solid financial foundation, despite challenges in revenue growth and profit margins. The stock’s fair valuation and attractive dividend yield further support its investment appeal. However, overbought technical indicators suggest caution in the short term.
To see Spark’s full report on GB:GFRD stock, click here.
More about Galliford Try
Average Trading Volume: 277,167
Technical Sentiment Signal: Buy
Current Market Cap: £514M
See more insights into GFRD stock on TipRanks’ Stock Analysis page.