Shares of Grafton Group plc (LON:GFTU – Get Free Report) have received an average recommendation of “Buy” from the six brokerages that are currently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year target price among analysts that have issued ratings on the stock in the last year is GBX 2,831.67.
GFTU has been the topic of several recent research reports. Peel Hunt reissued a “buy” rating and set a GBX 1,160 price target on shares of Grafton Group in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,315 target price on shares of Grafton Group in a report on Friday, September 4th. Finally, Berenberg Bank increased their price target on shares of Grafton Group from GBX 1,000 to GBX 1,150 and gave the company a “buy” rating in a research note on Wednesday, July 8th.
Read Our Latest Research Report on GFTU
Insider Activity at Grafton Group
In related news, insider David Arnold sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of GBX 953, for a total value of £95,300. Insiders own 11.52% of the company’s stock.
Grafton Group Stock Down 0.2%
Shares of GFTU opened at GBX 984.90 on Thursday. Grafton Group has a 52-week low of GBX 788.60 and a 52-week high of GBX 1,063. The company has a market capitalization of £1.83 billion, a PE ratio of 14.49, a price-to-earnings-growth ratio of 1.58 and a beta of 1.08. The stock has a fifty day simple moving average of GBX 988.51 and a two-hundred day simple moving average of GBX 928.36. The company has a quick ratio of 1.56, a current ratio of 1.83 and a debt-to-equity ratio of 43.55.
Grafton Group announced that its board has approved a stock buyback plan on Tuesday, June 30th that permits the company to buy back 0 outstanding shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Share buyback plans are generally a sign that the company’s board believes its shares are undervalued.
Grafton Group Company Profile
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.
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