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The latest update is out from Galliford Try ( (GB:GFRD) ).
Galliford Try Holdings PLC announced a correction to its share capital and voting rights, confirming the total number of shares as 101,821,997. The company recently purchased 39,000 of its ordinary shares as part of a buyback program, with plans to cancel these shares. This move is part of a broader strategy to manage its capital structure, potentially impacting shareholder value and market perception.
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
Galliford Try Holdings PLC operates in the construction industry, focusing on building and infrastructure projects across the United Kingdom. The company provides construction services, including civil engineering and building solutions, catering to both public and private sector clients.
Average Trading Volume: 338,734
Technical Sentiment Signal: Buy
Current Market Cap: £470.3M
See more insights into GFRD stock on TipRanks’ Stock Analysis page.