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GCP Infra Invt Shs GBP ( (GB:GCP) ) has issued an update.
GCP Infrastructure Investments Limited announced the repurchase of 200,000 ordinary shares at an average price of 77.83 pence per share, to be held in treasury. This transaction is part of the authority granted by shareholders to make market purchases, and it affects the number of voting rights in circulation, which stakeholders should consider for reporting purposes under the FCA’s rules.
The most recent analyst rating on (GB:GCP) stock is a Sell with a £0.75 price target. To see the full list of analyst forecasts on GCP Infra Invt Shs GBP stock, see the GB:GCP Stock Forecast page.
Spark’s Take on GB:GCP Stock
According to Spark, TipRanks’ AI Analyst, GB:GCP is a Neutral.
The overall score of 63 reflects a solid financial foundation with strong cash flow and low leverage, offset by significant challenges in income generation and a high P/E ratio. Technical indicators suggest potential near-term weakness, while positive corporate actions indicate management’s confidence, providing a slight enhancement to the stock’s potential.
To see Spark’s full report on GB:GCP stock, click here.
More about GCP Infra Invt Shs GBP
GCP Infrastructure Investments Limited (GCP Infra) is a closed-ended investment company and a constituent of the FTSE-250, with its shares traded on the main market of the London Stock Exchange. The company aims to provide shareholders with regular, sustained, long-term distributions and preserve capital by investing in UK infrastructure debt and related assets. GCP Infra focuses on infrastructure projects with long-term, public sector-backed revenues and seeks to structure investments to offer partial inflation protection. The company is advised by Gravis Capital Management Limited and has received the London Stock Exchange’s Green Economy Mark for its positive environmental contributions.
Average Trading Volume: 1,454,151
Technical Sentiment Signal: Strong Buy
See more insights into GCP stock on TipRanks’ Stock Analysis page.