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Grafton ( (GB:GFTU) ) just unveiled an announcement.
Grafton Group plc has announced the purchase and cancellation of 75,000 ordinary shares as part of its ongoing GBP25 million share buyback program. This move, executed through Goodbody Stockbrokers UC 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: 414,516
Technical Sentiment Signal: Buy
Current Market Cap: £1.75B
For a thorough assessment of GFTU stock, go to TipRanks’ Stock Analysis page.