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An update from Grafton ( (GB:GFTU) ) is now available.
Grafton Group plc, a company involved in a share buyback program, announced the purchase and cancellation of 75,000 ordinary shares on the London Stock Exchange as part of its GBP25 million buyback initiative. This transaction, executed through Goodbody Stockbrokers, is part of a larger effort that has seen over a million shares repurchased since the program’s commencement earlier this month, reflecting Grafton’s strategic focus on enhancing shareholder value.
The most recent analyst rating on (GB:GFTU) stock is a Buy with a £1022.00 price target. To see the full list of analyst forecasts on Grafton stock, see the GB:GFTU Stock Forecast page.
Spark’s Take on GB:GFTU Stock
According to Spark, TipRanks’ AI Analyst, GB:GFTU is a Outperform.
Grafton’s overall stock score is driven by solid financial performance and positive earnings call highlights, including profit growth and strong capital returns. The valuation is attractive with a reasonable P/E ratio and high dividend yield. Technical analysis indicates a neutral trend, with no significant momentum. Challenges in specific markets like Finland and the UK are noted but do not overshadow the positive aspects.
To see Spark’s full report on GB:GFTU stock, click here.
More about Grafton
Average Trading Volume: 388,926
Technical Sentiment Signal: Buy
Current Market Cap: £1.72B
Find detailed analytics on GFTU stock on TipRanks’ Stock Analysis page.