Grafton Group Expands with Acquisition of HSS Hire Ireland and Divests MFP Business

The latest announcement is out from Grafton ( (GB:GFTU) ).

Grafton Group plc has completed the acquisition of HSS Hire Ireland Limited, a tool and equipment hire specialist, enhancing its Chadwicks business in Ireland. Concurrently, Grafton has sold its MFP piping business in Ireland to a subsidiary of Wienerberger AG, marking a strategic realignment of its operations.

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 stable financial position and positive corporate events are significant strengths, supported by a consistent buyback program and insider confidence. However, challenges in profitability and cash flow management slightly offset these positives. Technical indicators suggest continued positive momentum, but careful monitoring of overbought signals is advised.

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

More about Grafton

Grafton Group plc is an international distributor of building materials with a strong presence in the UK, Ireland, the Netherlands, Finland, and Spain. It is a leader in the DIY, Home and Garden retailing market in Ireland and the largest manufacturer of dry mortar and bespoke timber staircases in the UK. The company operates approximately 470 branches and employs around 10,000 people, with a portfolio of brands including Chadwicks, Woodie’s, Selco Builders Warehouse, and others across various countries.

Average Trading Volume: 383,186

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.95B

Find detailed analytics on GFTU stock on TipRanks’ Stock Analysis page.