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Grafton ( (GB:GFTU) ) has provided an update.
Grafton Group plc, a company involved in the building materials industry, has announced the purchase and cancellation of 75,000 ordinary shares on the London Stock Exchange as part of its £25 million share buyback program. This move, executed through Goodbody Stockbrokers UC, is part of a broader strategy to enhance shareholder value, with nearly a million shares already repurchased since the program’s inception earlier this month.
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: Hold
Current Market Cap: £1.72B
See more data about GFTU stock on TipRanks’ Stock Analysis page.