Galliford Try Completes £10 Million Share Buyback Programme

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

Galliford Try Holdings plc has completed its second share buyback programme, repurchasing and cancelling a total of 2,690,861 ordinary shares at an average price of approximately £3.7163 per share, with a total expenditure of £10 million. This move is likely to impact the company’s financial structure and shareholder value positively, reinforcing its market position within the UK construction industry.

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, solid valuation, and strategic corporate actions, such as the share buyback program, bolster confidence in its stock. However, caution is advised due to potential technical overbought conditions. The company’s robust financial and operational performance positions it well for sustained growth, especially if it maintains operational efficiency and financial discipline.

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 listed on the London Stock Exchange. The company operates under the names Galliford Try and Morrison Construction, executing building and infrastructure projects for clients in the public, private, and regulated sectors across the UK.

Average Trading Volume: 168,896

Technical Sentiment Signal: Buy

Current Market Cap: £408.4M

For a thorough assessment of GFRD stock, go to TipRanks’ Stock Analysis page.