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An update from Galliford Try ( (GB:GFRD) ) is now available.
Galliford Try Holdings PLC, a leading UK construction company, announced the repurchase of 15,000 of its ordinary shares as part of a previously declared buyback program. The shares were acquired at a volume-weighted average price of 521 pence per share and will be canceled, reducing the total number of shares in circulation to 101,944,929. This move is part of Galliford Try’s strategy to manage its share capital and enhance shareholder value, reflecting a commitment to optimizing its financial structure.
The most recent analyst rating on (GB:GFRD) stock is a Buy with a £551.00 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 its strong technical momentum and solid financial foundation, despite challenges in revenue growth and profit margins. The stock’s fair valuation and attractive dividend yield further support its investment appeal. However, overbought technical indicators suggest caution in the short term.
To see Spark’s full report on GB:GFRD stock, click here.
More about Galliford Try
Average Trading Volume: 325,323
Technical Sentiment Signal: Buy
Current Market Cap: £510.3M
Learn more about GFRD stock on TipRanks’ Stock Analysis page.