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Grafton ( (GB:GFTU) ) just unveiled an update.
Grafton Group plc has announced the purchase and cancellation of 55,000 ordinary shares as part of its ongoing GBP 30 million share buyback program. This transaction, executed on the London Stock Exchange, reflects Grafton’s commitment to enhancing shareholder value by reducing the number of shares in circulation, potentially increasing the value of remaining shares.
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 supported by a solid financial structure and effective cost management, despite challenges in profitability and cash flow. The stock’s fair valuation and positive corporate actions, like the share buyback program, strengthen its market position. Technical analysis indicates a period of consolidation, suggesting potential stability in stock performance.
To see Spark’s full report on GB:GFTU stock, click here.
More about Grafton
Average Trading Volume: 290,649
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.93B
For detailed information about GFTU stock, go to TipRanks’ Stock Analysis page.