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An update from Grafton ( (GB:GFTU) ) is now available.
Grafton Group plc has executed a share buyback transaction, purchasing 75,000 ordinary shares for cancellation on the London Stock Exchange as part of its ongoing £25 million buyback program. This move, which aligns with the company’s capital allocation strategy, is expected to enhance shareholder value by reducing the number of shares in circulation, thereby potentially increasing earnings per share.
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: 395,622
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.75B
See more insights into GFTU stock on TipRanks’ Stock Analysis page.