GCP Infra Repurchases 200,000 Shares to Hold in Treasury

An announcement from GCP Infra Invt Shs GBP ( (GB:GCP) ) is now available.

GCP Infrastructure Investments Limited has repurchased 200,000 of its own ordinary shares at an average price of 74.16 pence per share, to be held in treasury. This transaction, authorized by shareholders, reduces the number of voting rights in circulation to 847,410,703, impacting how stakeholders assess their interest in the company.

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 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, long-term distributions and capital preservation 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 received the London Stock Exchange’s Green Economy Mark for its positive environmental contributions.

Average Trading Volume: 1,508,136

Technical Sentiment Signal: Strong Buy

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