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Grafton ( (GB:GFTU) ) has shared an announcement.
Grafton Group plc has announced the purchase and cancellation of 65,000 ordinary shares on the London Stock Exchange as part of its GBP25 million share buyback program. This transaction, executed through Goodbody Stockbrokers, is part of a broader strategy to enhance shareholder value, with a total of 195,000 shares purchased since the program’s commencement.
The most recent analyst rating on (GB:GFTU) stock is a Buy with a £969.00 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 supported by strong financial performance and a positive earnings call, highlighting profit growth and strong capital returns. However, technical analysis indicates bearish momentum, which is a significant risk factor. The stock’s attractive valuation with a low P/E ratio and high dividend yield provides a buffer against market volatility.
To see Spark’s full report on GB:GFTU stock, click here.
More about Grafton
Average Trading Volume: 331,493
Technical Sentiment Signal: Hold
Current Market Cap: £1.72B
See more insights into GFTU stock on TipRanks’ Stock Analysis page.