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The latest update is out from Grafton ( (GB:GFTU) ).
Grafton Group PLC announced the purchase and cancellation of 12,082 ordinary shares as part of its ongoing GBP 25 million share buyback program. This move is part of a broader strategy to enhance shareholder value and optimize capital allocation, reflecting positively on the company’s financial health and commitment to returning value to its stakeholders.
The most recent analyst rating on (GB:GFTU) stock is a Buy with a £1119.00 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 distribution of building materials and DIY supplies. The company is known for its market presence in the UK and Ireland, catering to both professional tradespeople and retail consumers.
Average Trading Volume: 395,319
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.89B
Learn more about GFTU stock on TipRanks’ Stock Analysis page.