Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Galliford Try ( (GB:GFRD) ) has provided an announcement.
Galliford Try has continued its share buyback programme, repurchasing 22,392 ordinary shares on 17 March at prices between 514p and 523p, at a volume-weighted average of 518.09p, through broker Panmure Liberum. The company intends to cancel the new shares, bringing total buybacks since the programme began to 1,794,994 shares and reducing the number of shares in issue to 100,489,352, which also sets the updated base for shareholder voting rights calculations.
The latest tranche, executed entirely on the London Stock Exchange, underscores Galliford Try’s ongoing capital return strategy and incremental reduction of its share capital. For investors, the cancellation of shares marginally enhances earnings and voting power per remaining share, and provides an updated reference point for regulatory disclosure thresholds under U.K. transparency rules.
The most recent analyst rating on (GB:GFRD) stock is a Buy with a £644.00 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 GFRD Stock
According to Spark, TipRanks’ AI Analyst, GFRD is a Outperform.
Overall score is driven by stable financials and strong cash flow generation, supported by an upward technical trend and reasonable valuation (P/E 12.44, 3.32% yield). The main constraint is weakening top-line performance and thin operating margins.
To see Spark’s full report on GFRD stock, click here.
More about Galliford Try
Galliford Try Holdings plc is a U.K.-listed construction and infrastructure company focused on building, highways and environment projects. The group provides contracting and related services to public and regulated sector clients, with its shares traded on the London Stock Exchange.
Average Trading Volume: 266,836
Technical Sentiment Signal: Buy
Current Market Cap: £507.7M
See more insights into GFRD stock on TipRanks’ Stock Analysis page.