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The latest announcement is out from Grafton ( (GB:GFTU) ).
Grafton Group plc announced the repurchase and cancellation of 67,625 ordinary shares as part of its ongoing GBP 25 million share buyback program. This transaction, executed on the London Stock Exchange, reflects Grafton’s commitment to enhancing shareholder value and optimizing its capital structure.
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: 405,061
Technical Sentiment Signal: Buy
Current Market Cap: £1.74B
Find detailed analytics on GFTU stock on TipRanks’ Stock Analysis page.