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Grafton ( (GB:GFTU) ) just unveiled an announcement.
Grafton Group PLC, a participant in the construction and building materials industry, has embarked on a significant financial strategy by executing a share buyback programme. On January 2, 2025, the company repurchased 35,000 of its ordinary shares from the London Stock Exchange as part of an ongoing GBP 30,000,000 buyback initiative. The repurchased shares were acquired at a volume-weighted average price of £9.5454, with the highest price at £9.5810 and the lowest at £9.4850. To date, Grafton has successfully purchased a total of 2,845,108 shares for cancellation. This strategic move is expected to impact the company’s stock value and reflects its confidence in the long-term value of its business, likely affecting investor sentiment positively.
More about Grafton
Average Trading Volume: 349,307
Technical Sentiment Consensus Rating: Sell
Current Market Cap: £1.89B
Find detailed analytics on GFTU stock on TipRanks’ Stock Analysis page.
