GCP Infra Executes Share Buyback, Adjusts Voting Rights

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

GCP Infrastructure Investments Limited announced the repurchase of 100,000 ordinary shares at an average price of 72.25 pence per share, which will be held in treasury. This transaction is part of the authority granted by shareholders to make market purchases of its own shares. Following the buyback, the company has 884,797,669 ordinary shares in issue, with 35,871,188 held in treasury. The move is expected to impact the company’s voting rights, with 848,926,481 voting rights now in circulation, which stakeholders should consider in their interest notifications.

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 Limited is a closed-ended investment company and a constituent of the FTSE-250, with its shares 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 related assets. It focuses on infrastructure projects with long-term, public sector-backed revenues and seeks investments that offer partial inflation protection. GCP Infra 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: 1,589,871

Technical Sentiment Signal: Buy

See more insights into GCP stock on TipRanks’ Stock Analysis page.