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Grafton ( (GB:GFTU) ) has issued an announcement.
Grafton Group plc has continued to execute its previously announced £25 million share buyback, purchasing 85,000 ordinary shares for cancellation on 30 April 2026 on the London Stock Exchange at a volume-weighted average price of £8.696921. The latest transaction, carried out via Deutsche Bank, brings the total number of shares repurchased under the current programme since its launch in early March to 2,445,970, incrementally reducing the company’s share count and signalling ongoing capital returns to shareholders.
The ongoing repurchases underscore Grafton’s commitment to returning surplus capital and may enhance earnings per share by shrinking the equity base over time. For investors, the steady pace of buybacks highlights management’s confidence in the group’s financial position and prospects, while also potentially supporting the stock’s trading performance in a volatile construction and building materials sector.
The most recent analyst rating on (GB:GFTU) stock is a Buy with a £1170.00 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 retailer operating mainly in the UK and Ireland. The company supplies construction materials, fixings and related products to trade customers and consumers, giving it exposure to housing, renovation and broader construction markets.
Average Trading Volume: 511,098
Technical Sentiment Signal: Buy
Current Market Cap: £1.65B
For a thorough assessment of GFTU stock, go to TipRanks’ Stock Analysis page.