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The latest update is out from GCP Infra Invt Shs GBP ( (GB:GCP) ).
GCP Infrastructure Investments Ltd announced the repurchase of 175,000 ordinary shares at an average price of 78.50 pence per share, to be held in treasury. This transaction, conducted under the authority granted by shareholders, impacts the company’s share capital, with 42,014,885 shares now held in treasury out of a total of 884,797,669 issued shares. The move is part of GCP Infra’s strategy to manage its capital structure and potentially enhance shareholder value.
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 Infra is a closed-ended investment company and a constituent of the FTSE-250, with shares traded on the London Stock Exchange. The company aims to provide shareholders with regular, sustained, long-term distributions and preserve capital by investing in UK infrastructure debt and related assets. It focuses on infrastructure projects with public sector-backed, availability-based revenues and seeks to incorporate partial inflation protection in its investments. GCP Infra is advised by Gravis Capital Management Limited and has received the London Stock Exchange’s Green Economy Mark for its positive environmental contributions.
Average Trading Volume: 1,465,769
Technical Sentiment Signal: Buy
Find detailed analytics on GCP stock on TipRanks’ Stock Analysis page.