Citigroup Issues Pessimistic Forecast for Grafton Group (LON:GFTU) Stock Price

Grafton Group (LON:GFTU) had its price target dropped by research analysts at Citigroup from £115 to £110 in a research report issued to clients and investors on Friday,London Stock Exchange reports. The firm currently has a “buy” rating on the stock.

A number of other research analysts also recently weighed in on the company. Berenberg Bank cut their price target on Grafton Group from GBX 1,100 to GBX 1,000 and set a “buy” rating on the stock 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 note on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,275 price objective on shares of Grafton Group in a report on Monday, May 18th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of GBX 2,795.

Grafton Group Trading Down 0.2%

Shares of LON GFTU opened at GBX 891.60 on Friday. Grafton Group has a fifty-two week low of GBX 788.60 and a fifty-two week high of GBX 1,034. The firm has a market capitalization of £2.07 billion, a P/E ratio of 9.74, a P/E/G ratio of 1.58 and a beta of 1.08. The company has a debt-to-equity ratio of 37.55, a current ratio of 2.11 and a quick ratio of 1.56. The company’s 50 day simple moving average is GBX 867.39 and its 200 day simple moving average is GBX 911.45.

Grafton Group declared that its Board of Directors has initiated a stock repurchase plan on Thursday, March 5th 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 often a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Grafton Group

In other Grafton Group news, insider Eric Born acquired 1,182 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The shares were acquired at an average price of GBX 915 per share, with a total value of £10,815.30. 9.33% of the stock is currently owned by corporate insiders.

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.