Galliford Try ( (GB:GFRD) ) has shared an announcement.
Galliford Try Holdings PLC announced the purchase of 10,000 of its ordinary shares at a price of 362.50 GBp each as part of its ongoing share buyback program. This transaction, executed through Peel Hunt LLP, is part of a broader strategy to enhance shareholder value, and following this purchase, the company has bought a total of 2,621,887 shares since the program’s inception, leaving 101,578,921 shares in issue.
Spark’s Take on GB:GFRD Stock
According to Spark, TipRanks’ AI Analyst, GB:GFRD is a Outperform.
Galliford Try’s strong financial recovery and strategic corporate actions, such as the share buyback program, support a favorable stock score. Attractive valuation metrics further enhance its appeal. However, caution is warranted due to potential bearish technical indicators, necessitating a balanced view of its prospects.
To see Spark’s full report on GB:GFRD stock, click here.
More about Galliford Try
Galliford Try Holdings PLC operates in the construction industry, focusing on infrastructure, building, and regeneration projects across the UK. The company provides construction services and solutions, catering to both public and private sector clients.
YTD Price Performance: -4.46%
Average Trading Volume: 162,575
Technical Sentiment Signal: Sell
Current Market Cap: £359.8M
Learn more about GFRD stock on TipRanks’ Stock Analysis page.