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Galliford Try ( (GB:GFRD) ) has provided an update.
Galliford Try Holdings has corrected an earlier disclosure related to its ongoing share buyback programme, clarifying that the number of ordinary shares in issue is 100,517,185 rather than the erroneously reported 100,517,185,120. The company recently repurchased 6,935 shares at a volume-weighted average price of 548.98 pence, taking total buybacks under the programme to 1,765,102 shares and confirming there are no shares held in treasury, with 100,517,185 voting rights now in issue.
The latest repurchase was executed through Panmure Liberum on the London Stock Exchange, with prices ranging between 545 and 552 pence per share. The corrected share count figure is significant for investors, as it defines the total voting rights and the denominator for regulatory disclosures of shareholdings under the Financial Conduct Authority’s transparency rules.
The most recent analyst rating on (GB:GFRD) stock is a Buy with a £620.00 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 strong technical indicators and a solid financial foundation, despite challenges in revenue growth and profit margins. The share buyback program further supports shareholder value, making it an attractive option for investors seeking stability and income.
To see Spark’s full report on GB:GFRD stock, click here.
More about Galliford Try
Galliford Try Holdings plc is a UK-based construction and infrastructure group. The company focuses on building, highways and environmental projects, delivering public and regulated sector contracts across the country, and is listed on the London Stock Exchange.
Average Trading Volume: 241,127
Technical Sentiment Signal: Buy
Current Market Cap: £519.4M
For a thorough assessment of GFRD stock, go to TipRanks’ Stock Analysis page.