Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% 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, a company operating in the building materials and DIY retail sector, announced the purchase and cancellation of 65,000 ordinary shares as part of its £25 million share buyback program. This transaction, executed on the London Stock Exchange through Goodbody Stockbrokers, is part of a broader strategy to enhance shareholder value, with a total of 455,000 shares repurchased 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 Group’s overall stock score is driven by its stable financial position and positive earnings call, which highlighted a return to profit growth and strong capital returns. The valuation is attractive with a reasonable P/E ratio and a solid dividend yield. However, technical indicators suggest potential resistance, and there are challenges in certain markets, particularly in the UK and Finland.
To see Spark’s full report on GB:GFTU stock, click here.
More about Grafton
Average Trading Volume: 359,053
Technical Sentiment Signal: Hold
Current Market Cap: £1.72B
For an in-depth examination of GFTU stock, go to TipRanks’ Overview page.