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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 as part of a buyback program initiated in October 2024. This transaction, executed through Peel Hunt LLP, is part of a broader strategy to enhance shareholder value, with a total of 2,671,887 shares repurchased to date. The company plans to cancel these shares, which will impact the total number of voting rights, now standing at 101,530,949. This move reflects Galliford Try’s commitment to optimizing its capital structure and potentially increasing earnings per share.
The most recent analyst rating on (GB:GFRD) stock is a Buy with a £470.00 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 strong financial recovery, robust cash flow, and attractive valuation are the main drivers of its favorable stock score. The technical analysis suggests some caution due to potential overbought conditions, but the strategic share buyback program supports a positive outlook overall.
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 construction services across various sectors, including education, health, and transportation.
Average Trading Volume: 170,351
Technical Sentiment Signal: Buy
Current Market Cap: £398.2M
For a thorough assessment of GFRD stock, go to TipRanks’ Stock Analysis page.