Grafton ( (GB:GFTU) ) has issued an update.
Grafton Group plc, a company engaged in a share buyback program, announced that it has repurchased 65,000 ordinary shares for cancellation on the London Stock Exchange through Goodbody Stockbrokers. This transaction is part of its £30 million share buyback initiative, which began on March 6, 2025, and has so far resulted in the purchase of 514,135 shares. The buyback program is expected to enhance shareholder value by reducing the number of shares in circulation, potentially increasing earnings per share and providing a positive signal to the market regarding the company’s financial health.
More about Grafton
YTD Price Performance: -8.96%
Average Trading Volume: 321,676
Technical Sentiment Consensus Rating: Hold
Current Market Cap: £1.7B
Find detailed analytics on GFTU stock on TipRanks’ Stock Analysis page.