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The latest update is out from Galliford Try ( (GB:GFRD) ).
Galliford Try Holdings PLC announced the repurchase of 50,000 of its ordinary shares at a price of 545.00 GBp each as part of its ongoing buyback program. This transaction, executed through Peel Hunt LLP, brings the total number of shares repurchased since the program’s commencement to 207,649. The company intends to cancel these shares, impacting the total number of voting rights, which now stands at 102,021,611. This buyback initiative reflects the company’s strategic efforts 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
Galliford Try Holdings PLC operates within the construction industry, providing construction and infrastructure services across the UK. The company focuses on delivering projects in the building, infrastructure, and affordable housing sectors, positioning itself as a key player in the UK construction market.
Average Trading Volume: 303,735
Technical Sentiment Signal: Buy
Current Market Cap: £519.8M
For an in-depth examination of GFRD stock, go to TipRanks’ Overview page.