Grafton Group plc (LON:GFTU) Given Average Rating of “Buy” by Brokerages

Grafton Group plc (LON:GFTU) has been assigned a consensus rating of “Buy” from the six brokerages that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 2,795.

Several equities research analysts have weighed in on GFTU shares. Citigroup cut their price target on Grafton Group from £115 to £110 and set a “buy” rating on the stock in a report on Friday, June 19th. Berenberg Bank decreased their price target on shares of Grafton Group from GBX 1,100 to GBX 1,000 and set a “buy” rating for the company in a research note on Monday, May 18th. Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 1,175 price objective on shares of Grafton Group in a research report on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,275 target price on shares of Grafton Group in a research note on Monday, May 18th.

Insider Activity

In other news, insider Eric Born bought 1,182 shares of the firm’s stock in a transaction that occurred on Wednesday, April 8th. The stock was purchased at an average cost of GBX 915 per share, with a total value of £10,815.30. Insiders own 9.33% of the company’s stock.

Grafton Group Trading Down 0.5%

Shares of GFTU stock traded down GBX 4.07 on Tuesday, hitting GBX 885.83. 3,481,891 shares of the stock traded hands, compared to its average volume of 6,402,836. Grafton Group has a twelve month low of GBX 788.60 and a twelve month high of GBX 1,009.80. The firm’s 50-day moving average price is GBX 860.12 and its two-hundred day moving average price is GBX 909.22. The stock has a market capitalization of £2.05 billion, a PE ratio of 9.68, a PEG ratio of 1.58 and a beta of 1.07. The company has a debt-to-equity ratio of 37.55, a quick ratio of 1.56 and a current ratio of 2.11.

Grafton Group declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, June 30th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Stock repurchase plans are often an indication that the company’s management 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.