Grafton Group plc (LON:GFTU) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Grafton Group plc (LON:GFTU) have been assigned a consensus rating of “Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average twelve-month target price among analysts that have issued a report on the stock in the last year is GBX 2,825.

Several research analysts have weighed in on GFTU shares. Berenberg Bank increased their target price on shares of Grafton Group from GBX 1,000 to GBX 1,150 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,275 target price on shares of Grafton Group in a research report on Monday, May 18th. Citigroup lowered their price target on Grafton Group from £115 to £110 and set a “buy” rating for the company in a research report on Friday, June 19th. Finally, Peel Hunt reiterated a “buy” rating and issued a GBX 1,160 price objective on shares of Grafton Group in a report on Monday, July 13th.

Grafton Group Stock Up 1.3%

Shares of LON:GFTU opened at GBX 1,042.80 on Friday. The company has a market capitalization of £2.42 billion, a price-to-earnings ratio of 11.39, a PEG ratio of 1.58 and a beta of 1.07. Grafton Group has a 12-month low of GBX 788.60 and a 12-month high of GBX 1,045.40. The business has a 50-day moving average price of GBX 908.05 and a 200 day moving average price of GBX 910.75. The company has a current ratio of 2.11, a quick ratio of 1.56 and a debt-to-equity ratio of 37.55.

Grafton Group announced that its Board of Directors has initiated a share buyback program on Tuesday, June 30th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors 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.