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The latest update is out from Galliford Try ( (GB:GFRD) ).
Galliford Try Holdings PLC has announced the purchase of 50,000 of its ordinary shares at prices ranging from 514.00 GBp to 525.00 GBp as part of its ongoing share buyback program. The company plans to cancel these shares, reducing the total number of shares in issue to 101,017,395. This move is part of a broader strategy to manage the company’s capital structure and could have implications for shareholder value by potentially increasing earnings per share.
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 strong technical indicators and a solid financial foundation, despite challenges in revenue growth and profit margins. The share buyback program further supports shareholder value, making it an attractive option for investors seeking stability and income.
To see Spark’s full report on GB:GFRD stock, click here.
More about Galliford Try
Average Trading Volume: 392,688
Technical Sentiment Signal: Buy
Current Market Cap: £501.1M
For an in-depth examination of GFRD stock, go to TipRanks’ Overview page.