Peel Hunt Reaffirms Buy Rating for Grafton Group (LON:GFTU)

Grafton Group (LON:GFTU)‘s stock had its “buy” rating reaffirmed by stock analysts at Peel Hunt in a report released on Thursday,Digital Look reports. They currently have a GBX 1,130 price objective on the stock. Peel Hunt’s price objective would indicate a potential upside of 23.44% from the company’s previous close.

A number of other research firms have also commented on GFTU. Royal Bank Of Canada decreased their price objective on shares of Grafton Group from GBX 1,220 to GBX 1,190 and set an “outperform” rating for the company in a research note on Friday, October 31st. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,100 target price on shares of Grafton Group in a research report on Thursday, September 4th. Three investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Grafton Group presently has a consensus rating of “Buy” and a consensus target price of GBX 1,140.

Grafton Group Trading Down 3.8%

Shares of GFTU opened at GBX 915.40 on Thursday. The company has a current ratio of 2.21, a quick ratio of 1.56 and a debt-to-equity ratio of 37.66. Grafton Group has a 1-year low of GBX 790.90 and a 1-year high of GBX 1,035.60. The stock has a market capitalization of £2.12 billion, a P/E ratio of 10.00, a P/E/G ratio of 1.58 and a beta of 1.60. The business’s 50-day moving average price is GBX 920.67 and its 200 day moving average price is GBX 938.68.

About Grafton Group

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.