Galliford Try Continues Share Buyback Program

The latest announcement is out from Galliford Try ( (GB:GFRD) ).

Galliford Try Holdings PLC has announced the purchase of 8,974 of its ordinary shares at a price of 416.50 GBp each as part of its ongoing share buyback program initiated in October 2024. The company plans to cancel these shares, and following this transaction, it will have 101,511,975 ordinary shares in issue, which represents the total number of voting rights in the company, impacting shareholder calculations under the Financial Conduct Authority’s 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, 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

Average Trading Volume: 168,896

Technical Sentiment Signal: Buy

Current Market Cap: £408.4M

See more data about GFRD stock on TipRanks’ Stock Analysis page.