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An update from Grafton ( (GB:GFTU) ) is now available.
Grafton Group plc, a company engaged in a share buyback program, announced the purchase and cancellation of 75,000 ordinary shares on the London Stock Exchange as part of its GBP 25 million buyback initiative. This transaction, executed through Numis Securities Limited, reflects Grafton’s ongoing efforts to optimize its capital structure and enhance shareholder value, having already acquired a total of 1,772,768 shares since the program’s commencement.
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: Strong Buy
Current Market Cap: £1.74B
See more data about GFTU stock on TipRanks’ Stock Analysis page.