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An announcement from Grafton ( (GB:GFTU) ) is now available.
Grafton Group PLC announced the purchase and cancellation of 74,389 ordinary shares as part of its ongoing GBP25 million share buyback program. This move, executed through Goodbody Stockbrokers UC on the London Stock Exchange, reflects Grafton’s strategy to enhance shareholder value and optimize its capital structure, having already repurchased over 1.26 million shares since the program’s commencement.
The most recent analyst rating on (GB:GFTU) stock is a Buy with a £1022.00 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 solid financial performance and positive earnings call highlights, including profit growth and strong capital returns. The valuation is attractive with a reasonable P/E ratio and high dividend yield. Technical analysis indicates a neutral trend, with no significant momentum. Challenges in specific markets like Finland and the UK are noted but do not overshadow the positive aspects.
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 construction and home improvement markets. The company is known for its diverse portfolio and operates across various regions, including the UK and Ireland.
Average Trading Volume: 415,232
Technical Sentiment Signal: Buy
Current Market Cap: £1.75B
See more data about GFTU stock on TipRanks’ Stock Analysis page.