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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 413.50 GBp each as part of its ongoing share buyback program. This transaction, executed through Peel Hunt LLP, is part of a larger strategy to manage the company’s capital structure, with a total of 2,661,887 shares repurchased since the program’s inception. The cancellation of these shares will adjust the total number of voting rights, impacting shareholder calculations under the Financial Conduct Authority’s Disclosure and Transparency Rules.
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, robust cash flow, and attractive valuation are the main drivers of its favorable stock score. The technical analysis suggests some caution due to potential overbought conditions, but the strategic share buyback program supports a positive outlook overall.
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 operates in the building, infrastructure, and regeneration sectors. The company focuses on delivering innovative and sustainable construction solutions across various markets, including education, health, highways, and housing.
Average Trading Volume: 167,746
Technical Sentiment Signal: Buy
Current Market Cap: £405.6M
Learn more about GFRD stock on TipRanks’ Stock Analysis page.