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Galliford Try ( (GB:GFRD) ) has issued an announcement.
Galliford Try Holdings PLC announced the repurchase of 25,000 of its ordinary shares at a price of 530 pence each as part of its ongoing buyback program. This transaction, executed through Peel Hunt LLP, is part of a broader strategy to manage the company’s capital structure, with the repurchased shares intended for cancellation, thereby reducing the total number of shares in circulation and potentially increasing 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 is a leading UK construction group involved in building and infrastructure projects. The company focuses on delivering construction services across multiple sectors, including education, health, and infrastructure, aiming to provide sustainable and innovative solutions.
Average Trading Volume: 303,735
Technical Sentiment Signal: Buy
Current Market Cap: £519.8M
For a thorough assessment of GFRD stock, go to TipRanks’ Stock Analysis page.