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The latest announcement is out from Galliford Try ( (GB:GFRD) ).
Galliford Try Holdings PLC has announced the repurchase of 52,865 of its ordinary shares at a volume-weighted average price of 485.05 GBp per share as part of its ongoing share buyback program. This transaction, executed through Peel Hunt LLP, is part of a broader initiative that has seen the company repurchase a total of 687,349 shares since the program’s inception. The repurchased shares are intended for cancellation, which will reduce the total number of shares in circulation to 101,578,153, potentially impacting shareholder voting rights and ownership stakes.
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
Average Trading Volume: 347,082
Technical Sentiment Signal: Buy
Current Market Cap: £472.6M
Find detailed analytics on GFRD stock on TipRanks’ Stock Analysis page.