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An announcement from Galliford Try ( (GB:GFRD) ) is now available.
Galliford Try Holdings PLC announced the purchase of 10,000 of its ordinary shares at a price of 373.50 GBp each as part of its ongoing share buyback program. This transaction, executed through Peel Hunt LLP, is part of a broader strategy to manage the company’s capital structure, resulting in a total of 2,591,887 shares repurchased since the program’s inception. The cancellation of these shares will reduce the total number of shares in issue, potentially impacting shareholder voting rights and ownership percentages.
Spark’s Take on GB:GFRD Stock
According to Spark, TipRanks’ AI Analyst, GB:GFRD is a Outperform.
Galliford Try’s overall stock score of 77 reflects its strong financial recovery and attractive valuation. The company’s robust revenue growth and profitability, along with a strategic share buyback program, bolster confidence. However, technical indicators suggest caution due to potential bearish trends, slightly offsetting the positives.
To see Spark’s full report on GB:GFRD stock, click here.
More about Galliford Try
Galliford Try Holdings PLC operates in the construction industry, focusing on building and infrastructure projects across the United Kingdom. The company is known for its comprehensive construction services, catering to both public and private sector clients.
YTD Price Performance: -1.84%
Average Trading Volume: 159,857
Technical Sentiment Signal: Sell
Current Market Cap: £366.7M
See more data about GFRD stock on TipRanks’ Stock Analysis page.