tiprankstipranks
Trending News
More News >
Advertisement
Advertisement

GCP Infra Buys Back 200,000 Shares for Treasury, Reducing Free Float

Story Highlights
  • GCP Infra repurchased 200,000 ordinary shares at 75 pence to hold in treasury.
  • Post-buyback, the company has 834.6 million voting shares outstanding, tightening free float.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
GCP Infra Buys Back 200,000 Shares for Treasury, Reducing Free Float

Claim 50% Off TipRanks Premium

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

GCP Infrastructure Investments Limited has executed a buyback of 200,000 ordinary shares at a weighted average price of 75.00 pence per share, with the repurchased stock to be held in treasury. Following this transaction, the company has 884,797,669 ordinary shares in issue, of which 50,219,236 are held in treasury, leaving 834,578,433 voting rights in circulation for regulatory reporting, a move that may support capital management efforts and potentially enhance value for existing shareholders by reducing the free float.

The most recent analyst rating on (GB:GCP) stock is a Hold with a £77.00 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 Outperform.

The score is primarily driven by strong balance-sheet conservatism and improving cash generation, supported by constructive technical trend signals. Offsetting these positives are inconsistent/declining revenue trends and a demanding P/E despite an attractive dividend yield, with corporate actions (dividend stability and buybacks) providing additional support.

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 FTSE 250 investment company listed on the main market of the London Stock Exchange, focused on providing shareholders with regular, long-term income while preserving capital through exposure to UK infrastructure debt and related assets. The company primarily targets infrastructure projects with long-term, public sector-backed, availability-based revenues, often incorporating partial inflation protection, and has received the London Stock Exchange’s Green Economy Mark for its contribution to positive environmental outcomes.

Average Trading Volume: 1,854,349

Technical Sentiment Signal: Strong Buy

Find detailed analytics on GCP stock on TipRanks’ Stock Analysis page.

Disclaimer & DisclosureReport an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App
1