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The latest announcement is out from Grafton ( (GB:GFTU) ).
Grafton Group PLC has executed a share buyback transaction, purchasing 75,000 ordinary shares for cancellation as part of its GBP25 million share buyback program. This move, conducted through Goodbody Stockbrokers UC, reflects Grafton’s ongoing efforts to optimize its capital structure and potentially enhance 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 bolstered by a positive earnings call that highlighted a return to profit growth and strong capital returns. The company’s stable financial position and reasonable valuation further support the score. However, technical indicators suggest neutral to slightly bearish momentum, and challenges in certain markets, particularly the UK and Finland, pose risks.
To see Spark’s full report on GB:GFTU stock, click here.
More about Grafton
Grafton Group PLC operates in the building materials industry, focusing on the distribution of building supplies and DIY products. The company is known for its extensive range of products and services catering to the construction and home improvement sectors.
Average Trading Volume: 365,084
Technical Sentiment Signal: Hold
Current Market Cap: £1.7B
For detailed information about GFTU stock, go to TipRanks’ Stock Analysis page.