Don’t Miss TipRanks’ Half Year Sale
- Take advantage of TipRanks Premium for 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Galliford Try ( (GB:GFRD) ) has issued an announcement.
Galliford Try Holdings PLC announced the purchase of 20,000 of its ordinary shares as part of its ongoing buyback program initiated in October 2024. The company intends to cancel these shares, which is part of a broader strategy to manage its share capital and enhance shareholder value. Following this transaction, Galliford Try has acquired a total of 2,561,887 shares under the program, leaving 101,638,921 shares in issue. This move reflects the company’s commitment to optimizing its capital structure and potentially increasing the value for its shareholders.
Spark’s Take on GB:GFRD Stock
According to Spark, TipRanks’ AI Analyst, GB:GFRD is a Outperform.
Galliford Try’s stock performance is driven by strong financial recovery and attractive valuation metrics. The ongoing share buyback program further enhances shareholder value. However, technical indicators suggest a cautious approach due to potential bearish trends.
To see Spark’s full report on GB:GFRD stock, click here.
More about Galliford Try
Galliford Try Holdings PLC operates in the construction and infrastructure industry, focusing on delivering construction services across the UK. The company is involved in building and infrastructure projects, providing services that include construction management, design, and engineering solutions.
YTD Price Performance: -14.01%
Average Trading Volume: 166,106
Technical Sentiment Signal: Sell
Current Market Cap: £314.1M
Learn more about GFRD stock on TipRanks’ Stock Analysis page.