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Jul 18 2025, 07:00 IST/BST
There is limited change to current year estimates following Grafton’s recent trading update but we are taking a more prudent stance on 2026 forecasts. Even so, earnings growth of 10% is anticipated next year. We also amend our price target to 1150p. The latter remains well above the current share price as the Grafton investment case continues to be supported by its asset base and very healthy financial position.
Jul 18 2025, 07:00 IST/BST