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Galliford Try ( (GB:GFRD) ) just unveiled an announcement.
Galliford Try Holdings PLC, a prominent player in the construction industry, announced the purchase of 49,710 of its ordinary shares as part of its ongoing buyback program. This transaction, executed through Panmure Liberum Limited, is part of a strategic initiative to optimize the company’s capital structure. The shares were acquired at prices ranging from 518.00 GBp to 525.00 GBp, with a volume-weighted average price of 521.67 GBp. Following this purchase, the company intends to cancel the acquired shares, reducing the total number of shares in circulation to 101,067,395. This move reflects Galliford Try’s commitment to enhancing shareholder value and adjusting its share capital to better align with its strategic goals.
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: 391,047
Technical Sentiment Signal: Buy
Current Market Cap: £501.1M
See more insights into GFRD stock on TipRanks’ Stock Analysis page.