Grafton Group’s (GFTU) “Buy” Rating Reaffirmed at Peel Hunt

Grafton Group (LON:GFTU – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at Peel Hunt in a research report issued on Monday,London Stock Exchange reports. They presently have a GBX 1,160 price target on the stock. Peel Hunt’s price target indicates a potential upside of 28.92% from the stock’s current price.

A number of other analysts have also weighed in on GFTU. Citigroup lowered their price target on shares of Grafton Group from £115 to £110 and set a “buy” rating for the company in a report on Friday, June 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,275 price objective on shares of Grafton Group in a report on Monday, May 18th. Berenberg Bank lifted their target price on 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. Finally, Stifel Nicolaus reissued a “buy” rating and issued a GBX 1,175 target price on shares of Grafton Group in a research note on Thursday, March 19th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of GBX 2,825.

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Grafton Group Price Performance

Shares of GFTU traded up GBX 22.13 on Monday, hitting GBX 899.80. The company’s stock had a trading volume of 76,263 shares, compared to its average volume of 6,196,193. The company has a market capitalization of £2.09 billion, a PE ratio of 9.83, a PEG ratio of 1.58 and a beta of 1.07. Grafton Group has a fifty-two week low of GBX 788.60 and a fifty-two week high of GBX 1,009.80. The company has a 50 day moving average price of GBX 858.06 and a 200 day moving average price of GBX 907.25. The company has a debt-to-equity ratio of 37.55, a current ratio of 2.11 and a quick ratio of 1.56.

Grafton Group declared that its Board of Directors has initiated a stock buyback plan on Tuesday, June 30th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

About Grafton Group

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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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