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Galliford Try ( (GB:GFRD) ) has provided an update.
Galliford Try Holdings PLC has announced the repurchase of 15,000 of its ordinary shares at a volume-weighted average price of 522.33 GBp as part of its ongoing buyback program. This transaction, conducted through Peel Hunt LLP, brings the total number of shares repurchased since the program’s inception to 222,649, leaving 102,006,611 shares in issue. The company intends to cancel the purchased shares, which will impact the total number of voting rights available to shareholders, aligning with the Financial Conduct Authority’s Disclosure and Transparency Rules.
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: 312,936
Technical Sentiment Signal: Buy
Current Market Cap: £515.5M
See more data about GFRD stock on TipRanks’ Stock Analysis page.