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Grafton ( (GB:GFTU) ) has shared an update.
Grafton Group plc, a company listed on the London Stock Exchange, has announced the purchase and cancellation of 6,251 ordinary shares as part of its £25 million share buyback program. This transaction, executed through Numis Securities Limited, reflects Grafton’s ongoing efforts to enhance shareholder value by reducing the number of shares outstanding, potentially increasing 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 £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
Average Trading Volume: 396,666
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.75B
Find detailed analytics on GFTU stock on TipRanks’ Stock Analysis page.