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GCP Infra Invt Shs GBP ( (GB:GCP) ) just unveiled an update.
GCP Infrastructure Investments Limited announced the repurchase of 85,000 ordinary shares at an average price of 70.40 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 transaction, the company has 884,797,669 ordinary shares issued, with 49,519,236 held in treasury, affecting the calculation of voting rights under FCA rules. This move may impact the company’s market positioning by potentially enhancing shareholder value and adjusting the voting rights structure.
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, known as GCP Infra, is a closed-ended investment company and a constituent of the FTSE-250 index. Its shares are traded on the main market of 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 similar assets. GCP Infra focuses on infrastructure projects with long-term, public sector-backed, availability-based revenues, often structured to include partial inflation protection. The company is advised by Gravis Capital Management Limited and has been recognized with the London Stock Exchange’s Green Economy Mark for its positive environmental contributions.
Average Trading Volume: 1,806,591
Technical Sentiment Signal: Buy
See more data about GCP stock on TipRanks’ Stock Analysis page.