Grafton Group (LON:GFTU) Hits New 1-Year Low – Here’s Why

Shares of Grafton Group plc (LON:GFTUGet Free Report) hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 841.20 and last traded at GBX 841.20, with a volume of 146152 shares changing hands. The stock had previously closed at GBX 860.70.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on GFTU. Citigroup decreased their target price on Grafton Group from GBX 1,170 to GBX 1,150 and set a “buy” rating for the company in a report on Wednesday, January 14th. Stifel Nicolaus reissued a “buy” rating and set a GBX 1,175 price objective on shares of Grafton Group in a research report on Thursday, March 19th. Five analysts have rated the stock with a Buy rating, According to MarketBeat, Grafton Group has an average rating of “Buy” and an average price target of GBX 1,149.

View Our Latest Stock Report on Grafton Group

Grafton Group Stock Performance

The firm has a 50 day moving average of GBX 904.76 and a two-hundred day moving average of GBX 929.95. The company has a debt-to-equity ratio of 37.55, a current ratio of 2.11 and a quick ratio of 1.56. The stock has a market cap of £1.91 billion, a PE ratio of 9.00, a PEG ratio of 1.58 and a beta of 1.08.

Grafton Group announced that its Board of Directors has authorized a stock repurchase program on Thursday, March 5th that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

Insider Activity

In related news, insider Eric Born bought 1,182 shares of the stock in a transaction dated Wednesday, April 8th. The stock was acquired at an average price of GBX 915 per share, for a total transaction of £10,815.30. Insiders own 9.33% of the company’s stock.

Grafton Group Company Profile

(Get Free Report)

Grafton Group plc engages in the distribution, retailing, and manufacturing businesses in Ireland, the Netherlands, Finland, and the United Kingdom. Its Distribution segment distributes building materials, paint, tools, ironmongery, fixings, and accessories, workwear and PPE, and spare parts; materials and plant for mechanical services, heating, plumbing, and air movement; and trade, DIY, and self-build markets with building materials, timber, doors and floors, plumbing and heating, bathrooms, and landscaping products under the Selco, Leyland SDM, Chadwicks, MacBlair, Isero, Polvo, Gunters en Meuser, TG Lynes, and IKH brands.

Further Reading

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