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The latest update is out from Galliford Try ( (GB:GFRD) ).
Galliford Try Holdings PLC announced the purchase of 10,000 of its own ordinary shares at a price of 414.50 GBp each as part of its ongoing share buyback program initiated in October 2024. This transaction brings the total number of shares repurchased to 2,681,887, with the company planning to cancel these shares, affecting the total voting rights and share calculations for stakeholders.
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, solid valuation, and strategic corporate actions, such as the share buyback program, bolster confidence in its stock. However, caution is advised due to potential technical overbought conditions. The company’s robust financial and operational performance positions it well for sustained growth, especially if it maintains operational efficiency and financial discipline.
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 UK. The company provides construction services, including design, project management, and construction delivery, with a market focus on sectors such as education, health, and infrastructure.
Average Trading Volume: 169,531
Technical Sentiment Signal: Buy
Current Market Cap: £408.4M
For an in-depth examination of GFRD stock, go to TipRanks’ Stock Analysis page.