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Galliford Try ( (GB:GFRD) ) just unveiled an update.
Galliford Try Holdings PLC announced a correction to its issued share capital and voting rights, now totaling 101,860,997 shares, following a recent buyback of 46,738 shares as part of its ongoing buyback program. This move is part of the company’s strategic financial management to enhance shareholder value, and it reflects Galliford Try’s commitment to optimizing its capital structure, potentially impacting shareholder calculations under the Financial Conduct Authority’s rules.
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 is known for its expertise in delivering complex construction projects and has a strong market presence in the UK construction sector.
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.