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Galliford Try ( (GB:GFRD) ) has issued an announcement.
Galliford Try Holdings PLC has announced the repurchase of 15,799 of its own ordinary shares as part of a buyback program. This move is part of a broader strategy to manage its share capital and potentially enhance shareholder value, as the company plans to cancel the purchased shares, reducing the total number of shares in circulation.
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 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
Average Trading Volume: 387,551
Technical Sentiment Signal: Buy
Current Market Cap: £510.6M
See more insights into GFRD stock on TipRanks’ Stock Analysis page.