An announcement from Galliford Try ( (GB:GFRD) ) is now available.
Galliford Try Holdings PLC has announced the purchase of 10,000 of its ordinary shares at a price of 370.00 GBp each as part of its ongoing buyback program. This transaction is part of a larger buyback initiative that began in October 2024, with the company having acquired a total of 2,601,887 shares to date. The repurchased shares are intended to be canceled, reducing the total number of shares in circulation and potentially increasing the value of remaining shares. This move aligns with the company’s strategy to optimize its capital structure and enhance shareholder value.
Spark’s Take on GB:GFRD Stock
According to Spark, TipRanks’ AI Analyst, GB:GFRD is a Outperform.
Galliford Try’s overall stock score of 77 reflects its strong financial recovery and attractive valuation. The company’s robust revenue growth and profitability, along with a strategic share buyback program, bolster confidence. However, technical indicators suggest caution due to potential bearish trends, slightly offsetting the positives.
To see Spark’s full report on GB:GFRD stock, click here.
More about Galliford Try
Galliford Try Holdings PLC operates in the construction and infrastructure industry, focusing on delivering building and infrastructure projects across the UK. The company is known for its expertise in construction services, including residential, commercial, and public sector developments.
YTD Price Performance: -1.84%
Average Trading Volume: 161,045
Technical Sentiment Signal: Sell
Current Market Cap: £366.7M
For a thorough assessment of GFRD stock, go to TipRanks’ Stock Analysis page.