Galliford Try Advances Share Buyback Program with Latest Purchase

Galliford Try ( (GB:GFRD) ) has provided an update.

Galliford Try Holdings PLC has announced the purchase of 10,000 of its ordinary shares at a price of 375 GBp each as part of its ongoing buyback program. This transaction, executed through Peel Hunt LLP, brings the total number of shares repurchased since the program’s inception to 2,581,887. The company intends to cancel these shares, which will adjust the total number of voting rights to 101,618,921, potentially impacting shareholder calculations under the Financial Conduct Authority’s rules.

Spark’s Take on GB:GFRD Stock

According to Spark, TipRanks’ AI Analyst, GB:GFRD is a Outperform.

Galliford Try’s overall stock score of 77 reflects its strong financial recovery and attractive valuation. The company’s robust revenue growth and profitability, along with a strategic share buyback program, bolster confidence. However, technical indicators suggest caution due to potential bearish trends, slightly offsetting the positives.

To see Spark’s full report on GB:GFRD stock, click here.

More about Galliford Try

Galliford Try Holdings PLC is a leading UK construction group that provides construction and infrastructure services across various sectors. The company focuses on delivering projects in the building, infrastructure, and affordable housing sectors.

YTD Price Performance: -1.18%

Average Trading Volume: 161,525

Technical Sentiment Signal: Sell

Current Market Cap: £368.7M

See more insights into GFRD stock on TipRanks’ Stock Analysis page.