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Grafton Group Corrects Voting Rights and Capital Figures

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Grafton Group Corrects Voting Rights and Capital Figures

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An announcement from Grafton ( (GB:GFTU) ) is now available.

Grafton Group plc has issued a correction to its previous announcement regarding its total voting rights and share capital. The correction addresses a misstatement of 9,607 shares, and the updated figures reflect a total of 195,203,493 ordinary shares in issue, with 194,703,493 voting rights after accounting for treasury shares. This correction ensures compliance with the Transparency Directive regulations, allowing shareholders to accurately calculate their interests in the company.

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 stock score is strong, driven primarily by its stable financial position and effective cost management. The company’s fair valuation and attractive dividend yield further bolster its appeal. However, challenges in profitability and cash flow management, alongside technical indicators suggesting a potential overbought scenario, suggest a cautious outlook. The positive impact of corporate events, including share buybacks and strategic acquisitions, supports shareholder value and market confidence.

To see Spark’s full report on GB:GFTU stock, click here.

More about Grafton

Average Trading Volume: 339,853

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.97B

See more insights into GFTU stock on TipRanks’ Stock Analysis page.

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