The latest announcement is out from Galliford Try ( (GB:GFRD) ).
Galliford Try Holdings PLC announced the purchase of 10,000 of its ordinary shares as part of its ongoing buyback program, with the shares acquired at a consistent price of 334.75 GBp each. This transaction brings the total number of shares repurchased to 2,571,887, which reflects the company’s strategic effort to manage its capital structure and potentially enhance shareholder value.
Spark’s Take on GB:GFRD Stock
According to Spark, TipRanks’ AI Analyst, GB:GFRD is a Outperform.
Galliford Try’s strong financial performance and attractive valuation are key strengths, supported by a positive corporate event in the form of a share buyback. However, technical indicators suggest caution due to potential bearish trends.
To see Spark’s full report on GB:GFRD stock, click here.
More about Galliford Try
Galliford Try Holdings PLC is a prominent company in the construction and housebuilding industry, primarily engaged in delivering construction services and infrastructure projects across the United Kingdom.
YTD Price Performance: -12.57%
Average Trading Volume: 163,441
Technical Sentiment Signal: Sell
Current Market Cap: £321.4M
Find detailed analytics on GFRD stock on TipRanks’ Stock Analysis page.