Grafton Cancels 75,000 Shares Under £25m Buyback Programme

Grafton ( (GB:GFTU) ) just unveiled an announcement.

Grafton Group has repurchased 75,000 ordinary shares for cancellation on the London Stock Exchange on 2 April 2026. The buyback, executed through Goodbody Stockbrokers at a volume-weighted average price of £8.99 per share, forms part of a previously announced £25 million share repurchase programme.

Following this latest transaction, Grafton has bought back a total of 1.2 million shares since the programme began on 5 March 2026. The cancellations reduce the company’s share count, which can enhance earnings per share and signal management’s confidence in the group’s financial position and long-term prospects.

The most recent analyst rating on (GB:GFTU) stock is a Buy with a £1175.00 price target. To see the full list of analyst forecasts on Grafton stock, see the GB:GFTU Stock Forecast page.

Spark’s Take on GFTU Stock

According to Spark, TipRanks’ AI Analyst, GFTU is a Neutral.

The score is driven primarily by solid underlying financial quality (strong cash conversion and a conservative balance sheet) and supportive valuation (moderate P/E with a ~4% yield). These positives are partly offset by weaker technicals (price below key moving averages and negative MACD) and guidance indicating a slow early-2026 trading environment with persistent cost inflation and regional softness.

To see Spark’s full report on GFTU stock, click here.

More about Grafton

Grafton Group plc is a building materials distributor and DIY retail group listed in London. The company supplies trade, construction and home improvement markets, primarily in the U.K. and Ireland, and uses capital allocation tools such as share buybacks to manage its balance sheet and shareholder returns.

Average Trading Volume: 529,418

Technical Sentiment Signal: Buy

Current Market Cap: £1.71B

For an in-depth examination of GFTU stock, go to TipRanks’ Overview page.