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Grafton ( (GB:GFTU) ) has issued an update.
Grafton Group PLC has executed a share buyback transaction, purchasing 65,000 ordinary shares at an average price of £9.458506 on the London Stock Exchange. This move is part of its ongoing £25 million share buyback program, which aims to enhance shareholder value and optimize the company’s capital structure.
The most recent analyst rating on (GB:GFTU) stock is a Buy with a £1190.00 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 a positive earnings call that highlighted profit growth and strong capital returns, despite challenges in certain markets. The financial performance is stable but shows room for improvement in profitability and cash flow management. Technical indicators suggest strong momentum, although caution is advised due to overbought signals. The valuation is attractive with a reasonable P/E ratio and a solid dividend yield.
To see Spark’s full report on GB:GFTU stock, click here.
More about Grafton
Grafton Group PLC operates in the building materials industry, providing a range of products and services primarily focused on the construction and home improvement sectors.
Average Trading Volume: 413,489
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.83B
For an in-depth examination of GFTU stock, go to TipRanks’ Overview page.