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The latest announcement is out from Galliford Try ( (GB:GFRD) ).
Galliford Try Holdings PLC has announced the purchase of 46,676 of its ordinary shares as part of a buyback program initiated earlier this year. This transaction, executed through Peel Hunt LLP, is part of a broader strategy to optimize the company’s capital structure and enhance shareholder value. Following this purchase, the company has acquired a total of 477,114 shares under the program, which will be canceled, reducing the total number of shares in issue to 101,786,324. This move is expected to impact the company’s operations by potentially increasing earnings per share and strengthening its market position.
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 that focuses on delivering major building and infrastructure projects across the country. The company provides services in construction, housebuilding, and regeneration, with a market focus on both public and private sectors.
Average Trading Volume: 338,734
Technical Sentiment Signal: Buy
Current Market Cap: £470.3M
See more data about GFRD stock on TipRanks’ Stock Analysis page.