Shares of Grafton Group plc (LON:GFTU – Get Free Report) have earned a consensus recommendation of “Buy” from the six research firms that are presently covering the firm, Marketbeat reports. Six investment analysts have rated the stock with a buy recommendation. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 2,831.67.
GFTU has been the topic of a number of research reports. Citigroup lowered their target price on shares of Grafton Group from £115 to £110 and set a “buy” rating on the stock in a research report on Friday, June 19th. Peel Hunt reiterated a “buy” rating and set a GBX 1,160 price target on shares of Grafton Group in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,315 price objective on shares of Grafton Group in a research note on Friday, September 4th. Finally, Berenberg Bank upped their target price on shares of Grafton Group from GBX 1,000 to GBX 1,150 and gave the company a “buy” rating in a report on Wednesday, July 8th.
Read Our Latest Stock Analysis on Grafton Group
Insider Transactions at Grafton Group
Grafton Group Stock Up 1.0%
Grafton Group stock opened at GBX 983.57 on Friday. The company has a market capitalization of £2.28 billion, a P/E ratio of 10.75, a PEG ratio of 1.58 and a beta of 1.08. The company has a debt-to-equity ratio of 43.55, a quick ratio of 1.56 and a current ratio of 1.83. Grafton Group has a fifty-two week low of GBX 788.60 and a fifty-two week high of GBX 1,063. The stock has a 50-day simple moving average of GBX 993.82 and a 200-day simple moving average of GBX 921.81.
Grafton Group declared that its board has authorized a share repurchase plan on Tuesday, June 30th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.
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.
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