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GCP Infra Invt Shs GBP ( (GB:GCP) ) has shared an update.
GCP Infrastructure Investments Limited announced the repurchase of 50,000 ordinary shares at an average price of 77.00 pence per share, to be held in treasury, as part of a shareholder-authorized buyback program. This transaction affects the company’s share capital structure, with 43,967,385 shares now held in treasury, and impacts the voting rights calculation for stakeholders, which is now based on 840,830,284 voting rights.
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 (GCP Infra) 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. GCP Infra focuses on infrastructure projects with long-term, public sector-backed revenues and seeks to benefit from partial inflation protection. The company is advised by Gravis Capital Management Limited and has received the London Stock Exchange’s Green Economy Mark for its positive environmental contributions.
Average Trading Volume: 1,485,435
Technical Sentiment Signal: Buy
Learn more about GCP stock on TipRanks’ Stock Analysis page.