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GCP Infra Invt Shs GBP ( (GB:GCP) ) just unveiled an update.
GCP Infrastructure Investments Limited has repurchased 100,000 of its own ordinary shares at an average price of 73.38 pence per share, to be held in treasury. This transaction aligns with the authority granted by shareholders to make market purchases, reflecting the company’s strategy to manage its share capital effectively. Following the repurchase, GCP Infra has 884,797,669 ordinary shares issued, with 47,934,236 held in treasury, impacting the total voting rights available for market considerations.
The most recent analyst rating on (GB:GCP) stock is a Buy with a £90.00 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 listed on the FTSE-250, with shares traded on 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, often structured to include partial inflation protection. The company is recognized for its positive environmental contributions, having received the London Stock Exchange’s Green Economy Mark.
Average Trading Volume: 1,415,458
Technical Sentiment Signal: Buy
Learn more about GCP stock on TipRanks’ Stock Analysis page.