Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
The latest announcement is out from Grafton ( (GB:GFTU) ).
Grafton Group plc announced the purchase and cancellation of 40,000 ordinary shares on the London Stock Exchange as part of its ongoing £30 million share buyback program. This transaction, executed through Numis Securities Limited, reflects Grafton’s strategic effort to enhance shareholder value by reducing the number of shares in circulation, potentially boosting earnings per share and signaling confidence in the company’s financial health.
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
Learn more about GFTU stock on TipRanks’ Stock Analysis page.