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The latest announcement is out from Galliford Try ( (GB:GFRD) ).
Galliford Try Holdings PLC announced the purchase of 10,000 of its ordinary shares as part of its ongoing buyback program, initially announced in October 2024. This transaction, executed through Peel Hunt LLP, reflects the company’s strategic initiative to manage its share capital and enhance shareholder value. Following this purchase, Galliford Try has acquired a total of 2,611,887 shares under the program, leaving 101,588,921 ordinary shares in circulation, which represents the total number of voting rights in the company.
Spark’s Take on GB:GFRD Stock
According to Spark, TipRanks’ AI Analyst, GB:GFRD is a Outperform.
Galliford Try’s strong financial recovery and attractive valuation are significant factors boosting its stock score. The strategic share buyback program further enhances shareholder value. 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 is a leading UK construction group that focuses on delivering building and infrastructure projects across various sectors. The company is known for its expertise in construction services and has a significant presence in the UK market.
YTD Price Performance: -4.46%
Average Trading Volume: 162,575
Technical Sentiment Signal: Sell
Current Market Cap: £359.8M
Learn more about GFRD stock on TipRanks’ Stock Analysis page.