Galliford Try ( (GB:GFRD) ) has provided an update.
Galliford Try Holdings PLC announced the repurchase of 10,000 of its ordinary shares at a price of 380 pence each, as part of its ongoing buyback program initiated in October 2024. This transaction, executed through Peel Hunt LLP, contributes to a total of 2,651,887 shares repurchased under the program, with the intention to cancel these shares. Following this purchase, the company now has 101,548,921 ordinary shares in issue, impacting the total number of voting rights and potentially affecting shareholder interests under the Financial Conduct Authority’s rules.
Spark’s Take on GB:GFRD Stock
According to Spark, TipRanks’ AI Analyst, GB:GFRD is a Outperform.
Galliford Try’s strong financial recovery, robust cash flow, and attractive valuation are the main drivers of its favorable stock score. The technical analysis suggests some caution due to potential overbought conditions, but the strategic share buyback program supports a positive outlook overall.
To see Spark’s full report on GB:GFRD stock, click here.
More about Galliford Try
Galliford Try Holdings PLC operates in the construction industry, focusing on delivering building and infrastructure projects across the UK. The company is known for its work in sectors such as education, health, and highways, providing a range of construction services to both public and private sector clients.
YTD Price Performance: -1.31%
Average Trading Volume: 155,349
Technical Sentiment Signal: Sell
Current Market Cap: £368.5M
For a thorough assessment of GFRD stock, go to TipRanks’ Stock Analysis page.