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Grafton ( (GB:GFTU) ) has provided an announcement.
Grafton Group plc has successfully completed its share buyback programme, repurchasing 3.29 million ordinary shares for cancellation at an average price of £9.1078 per share, totaling £30 million. This buyback represents 1.67% of the company’s issued share capital, potentially enhancing shareholder value 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 primarily supported by its stable financial performance and strong corporate events, particularly the share buyback program indicating confidence in its financial health. Technical indicators show mixed signals, and valuation metrics suggest a fairly valued stock with a healthy dividend yield.
To see Spark’s full report on GB:GFTU stock, click here.
More about Grafton
Grafton Group plc is an international building materials distributor and DIY retailer.
Average Trading Volume: 294,735
Technical Sentiment Signal: Strong Buy
Current Market Cap: £1.91B
For an in-depth examination of GFTU stock, go to TipRanks’ Overview page.