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The latest update is out from Grafton ( (GB:GFTU) ).
Grafton Group plc, a company engaged in a share buyback program, announced the purchase and cancellation of 65,000 ordinary shares on the London Stock Exchange as part of its GBP25,000,000 buyback initiative. This transaction, executed through Goodbody Stockbrokers UC, is part of a broader strategy to enhance shareholder value, with a total of 520,000 shares repurchased since the program’s inception.
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.