Grafton (GB:GFTU) has released an update.
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Grafton Group PLC has purchased and canceled 35,000 ordinary shares as part of its ongoing £30 million share buyback program, with the average price paid being £9.4734 per share. This move continues Grafton’s strategy to repurchase shares, having already canceled over 2.1 million shares since August. Such buybacks can be seen as a signal of confidence from the company in its current valuation and its commitment to returning value to shareholders.
For further insights into GB:GFTU stock, check out TipRanks’ Stock Analysis page.
