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The latest announcement is out from Galliford Try ( (GB:GFRD) ).
Galliford Try Holdings PLC has announced the purchase of 66,473 of its ordinary shares at a price of 503 pence each as part of its ongoing buyback program. The company intends to cancel these shares, which will result in a total of 101,449,355 ordinary shares in issue, impacting the voting rights and shareholding calculations for stakeholders.
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 construction company in the UK, primarily engaged in building and infrastructure projects. The company focuses on delivering innovative solutions across various sectors, including education, health, and transportation, contributing to the development of sustainable communities.
Average Trading Volume: 372,622
Technical Sentiment Signal: Buy
Current Market Cap: £493.3M
See more insights into GFRD stock on TipRanks’ Stock Analysis page.