Grafton Group PLC Announces Block Listing of 1 Million Shares

Grafton ( (GB:GFTU) ) just unveiled an update.

Grafton Group PLC has applied for a block listing of 1,000,000 shares under its 2021 SAYE Plan, with the shares expected to be admitted to the London Stock Exchange by 30 May 2025. This move is part of the company’s ongoing efforts to enhance its financial flexibility and provide additional opportunities for employee share ownership, potentially strengthening its market position and stakeholder engagement.

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 solid financial position and proactive corporate actions like share buybacks drive a favorable outlook. Technical trends support this view, despite challenges in profitability and cash flow management.

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

More about Grafton

Grafton Group PLC operates in the building materials industry, providing a range of products and services primarily focused on the construction and home improvement sectors. The company is known for its diverse portfolio and strong market presence in the UK and Ireland.

Average Trading Volume: 406,052

Technical Sentiment Signal: Strong Buy

Current Market Cap: £1.94B

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