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Grafton ( (GB:GFTU) ) just unveiled an announcement.
Grafton Group plc, a company involved in a share buyback program, announced the purchase and cancellation of 58,000 ordinary shares on the London Stock Exchange as part of its ongoing GBP 30 million share buyback initiative. This transaction, executed through Numis Securities Limited, is part of a larger effort by Grafton to manage its capital structure and potentially enhance shareholder value, having already acquired over 3 million shares since the program’s commencement in March 2025.
The most recent analyst rating on (GB:GFTU) stock is a Buy with a £11.70 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 score is positively influenced by its strong technical analysis and corporate actions, notably the share buyback program, which enhances shareholder value. Financial performance and valuation are stable, though profitability and cash flow are areas for improvement.
To see Spark’s full report on GB:GFTU stock, click here.
More about Grafton
Average Trading Volume: 301,868
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.98B
Learn more about GFTU stock on TipRanks’ Stock Analysis page.