Galliford Try Launches £10 Million Share Buyback Programme

Galliford Try ( (GB:GFRD) ) has shared an update.

Galliford Try Holdings plc has announced the launch of a new share buyback programme, aiming to purchase up to £10 million of its ordinary shares. This move reflects the company’s strong financial performance, including a 28% increase in profit before tax and a robust order book of £4.1 billion. The buyback is part of Galliford Try’s disciplined capital allocation strategy, which prioritizes organic and inorganic growth, sustainable dividends, and returning excess cash to shareholders. The programme is expected to enhance earnings per share and is scheduled for completion by the end of the current financial year, with Peel Hunt LLP and Panmure Liberum Limited conducting the buyback.

The most recent analyst rating on (GB:GFRD) stock is a Buy with a £5.00 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 performance, supported by robust revenue growth and cash flow, is the primary driver of the score. Technical indicators and valuation reflect moderate positive sentiment. Exceeding performance expectations and share buybacks further enhance the company’s outlook.

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. Operating under the names Galliford Try and Morrison Construction, the group undertakes building and infrastructure projects for clients in the public, private, and regulated sectors across the UK.

Average Trading Volume: 148,726

Technical Sentiment Signal: Strong Buy

Current Market Cap: £417.1M

Learn more about GFRD stock on TipRanks’ Stock Analysis page.