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GCP Infra Invt Shs GBP ( (GB:GCP) ) has issued an update.
GCP Infrastructure Investments Ltd announced the repurchase of 360,000 ordinary shares at an average price of 73.68 pence per share, to be held in treasury. This transaction aligns with the authority granted by shareholders to make market purchases of its shares, impacting the company’s share count and voting rights. Following the repurchase, GCP Infra has 884,797,669 ordinary shares issued, with 37,746,966 held in treasury, affecting the calculation of voting rights for stakeholders.
The most recent analyst rating on (GB:GCP) stock is a Sell with a £0.75 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 Ltd 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 long-term, public sector-backed revenues and seeks to incorporate partial inflation protection in its investments. GCP Infra has been recognized with the London Stock Exchange’s Green Economy Mark for its positive environmental contributions.
Average Trading Volume: 1,492,839
Technical Sentiment Signal: Buy
For an in-depth examination of GCP stock, go to TipRanks’ Overview page.