GCP Infra Announces Share Repurchase and Voting Rights Update

GCP Infra Invt Shs GBP ( (GB:GCP) ) has issued an announcement.

GCP Infrastructure Investments Ltd announced the repurchase of 163,034 ordinary shares at an average price of 74.64 pence per share to be held in treasury, as part of the authority granted by shareholders. This transaction affects the company’s voting rights, reducing the number of shares with voting rights to 839,617,250, which stakeholders should consider for any interest notifications.

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 listed on the FTSE-250 and traded on the London Stock Exchange. It focuses on providing shareholders with regular, long-term distributions and capital preservation by investing in UK infrastructure debt and related assets. The company targets projects with public sector-backed, availability-based revenues and aims for partial inflation protection. GCP Infra is recognized for its positive environmental contributions with the London Stock Exchange’s Green Economy Mark.

Average Trading Volume: 1,435,725

Technical Sentiment Signal: Strong Buy

For a thorough assessment of GCP stock, go to TipRanks’ Stock Analysis page.