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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 £25 million share buyback program. This transaction, executed on the London Stock Exchange, reflects Grafton’s strategic initiative to enhance shareholder value and optimize its capital structure, having already repurchased a total of 1,847,768 shares since the program’s inception.
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: 390,582
Technical Sentiment Signal: Buy
Current Market Cap: £1.74B
For detailed information about GFTU stock, go to TipRanks’ Stock Analysis page.