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Galliford Try ( (GB:GFRD) ) has provided an update.
Galliford Try Holdings PLC announced the purchase of 47,051 of its ordinary shares at a price of 480.60 GBp each as part of its ongoing share buyback program. This transaction, executed through Peel Hunt LLP, brings the total number of shares repurchased since the program’s inception to 344,700. The company plans to cancel these shares, which will adjust its total issued share capital to 101,907,735 shares, impacting shareholder voting rights and potentially influencing market perceptions of the company’s financial health.
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 its strong technical momentum and solid financial foundation, despite challenges in revenue growth and profit margins. The stock’s fair valuation and attractive dividend yield further support its investment appeal. However, overbought technical indicators suggest caution in the short term.
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, providing construction services and solutions across various sectors. The company focuses on delivering building and infrastructure projects, serving both public and private clients in the UK market.
Average Trading Volume: 338,734
Technical Sentiment Signal: Buy
Current Market Cap: £470.3M
For a thorough assessment of GFRD stock, go to TipRanks’ Stock Analysis page.