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The latest update is out from GCP Infra Invt Shs GBP ( (GB:GCP) ).
GCP Infrastructure Investments Limited announced the repurchase of 150,000 ordinary shares at an average price of 71.49 pence per share, to be held in treasury. This transaction is part of the authority granted by shareholders to make market purchases of its own shares. Following this buyback, the company has 884,797,669 ordinary shares in issue, with 47,409,236 held in treasury, affecting the voting rights calculation for stakeholders.
The most recent analyst rating on (GB:GCP) stock is a Buy with a £90.00 price target. To see the full list of analyst forecasts on GCP Infra Invt Shs GBP stock, see the GB:GCP Stock Forecast page.
Spark’s Take on GB:GCP Stock
According to Spark, TipRanks’ AI Analyst, GB:GCP is a Neutral.
The overall score of 63 reflects a solid financial foundation with strong cash flow and low leverage, offset by significant challenges in income generation and a high P/E ratio. Technical indicators suggest potential near-term weakness, while positive corporate actions indicate management’s confidence, providing a slight enhancement to the stock’s potential.
To see Spark’s full report on GB:GCP stock, click here.
More about GCP Infra Invt Shs GBP
GCP Infrastructure Investments Limited (GCP Infra) is a closed-ended investment company and a constituent of the FTSE-250 index, with shares traded on the London Stock Exchange. The company aims to provide shareholders with regular, sustained long-term distributions and capital preservation by focusing on UK infrastructure debt and related assets. GCP Infra primarily invests in infrastructure projects with long-term, public sector-backed revenues and seeks to benefit from partial inflation protection. The company is recognized for its positive environmental contributions, having been awarded the London Stock Exchange’s Green Economy Mark.
Average Trading Volume: 1,462,090
Technical Sentiment Signal: Buy
For a thorough assessment of GCP stock, go to TipRanks’ Stock Analysis page.