Grafton Group plc (LON:GFTU) Stock Now Rated “Buy” by Wall Street Analysts

Shares of Grafton Group plc (LON:GFTU) have earned an average rating of “Buy” from the six ratings firms that are currently covering the stock, MarketBeat reports. Six research analysts have rated the stock with a buy recommendation. The average 1-year price objective among analysts that have issued a report on the stock in the last year is GBX 2,831.67.

A number of research analysts have weighed in on GFTU shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,315 target price on shares of Grafton Group in a research note on Friday, September 4th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,160 target price on shares of Grafton Group in a research note on Monday, July 13th. Citigroup reduced 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. Finally, Berenberg Bank lifted their price target on Grafton Group from GBX 1,000 to GBX 1,150 and gave the stock a “buy” rating in a report on Wednesday, July 8th.

Insider Transactions at Grafton Group

In other Grafton Group news, insider David Arnold sold 10,000 shares of Grafton Group stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of GBX 953, for a total transaction of £95,300. Insiders own 9.33% of the company’s stock.

Grafton Group Stock Performance

GFTU opened at GBX 970 on Friday. Grafton Group has a twelve month low of GBX 788.60 and a twelve month high of GBX 1,063. The firm has a market capitalization of £2.25 billion, a PE ratio of 10.60, a PEG ratio of 1.58 and a beta of 1.08. The company has a current ratio of 1.83, a quick ratio of 1.56 and a debt-to-equity ratio of 43.55. The firm’s 50-day moving average price is GBX 995.73 and its 200 day moving average price is GBX 922.38.

Grafton Group announced that its Board of Directors has initiated a share buyback plan on Tuesday, June 30th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is 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.