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Grafton ( (GB:GFTU) ) just unveiled an update.
Grafton Group plc has successfully completed its seventh share buyback programme, repurchasing 2.74 million ordinary shares for £25 million, representing 1.4% of its issued share capital. This strategic move is likely to enhance shareholder value and reflects the company’s strong financial position and commitment to returning capital to shareholders.
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 is an international building materials distributor and DIY retailer.
Average Trading Volume: 427,995
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.83B
Learn more about GFTU stock on TipRanks’ Stock Analysis page.