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Grafton ( (GB:GFTU) ) has shared an update.
Grafton Group plc has executed a share buyback transaction, purchasing 65,000 ordinary shares for cancellation on the London Stock Exchange through Goodbody Stockbrokers. This move is part of a larger GBP25 million share buyback program initiated by the company, reflecting its strategy to enhance shareholder value and optimize capital structure.
The most recent analyst rating on (GB:GFTU) stock is a Buy with a £1038.00 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’s overall score reflects a solid financial structure and successful corporate actions such as share buybacks and strategic acquisitions. However, technical indicators show bearish momentum, and there are concerns about profitability and cash flow trends, which moderate the overall outlook.
To see Spark’s full report on GB:GFTU stock, click here.
More about Grafton
Average Trading Volume: 320,505
Technical Sentiment Signal: Sell
Current Market Cap: £1.66B
See more insights into GFTU stock on TipRanks’ Stock Analysis page.