Grafton Group plc (LON:GFTU) Receives Average Rating of “Buy” from Analysts

Shares of Grafton Group plc (LON:GFTU) have earned an average recommendation of “Buy” from the six brokerages that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is GBX 2,825.

GFTU has been the topic of several recent research reports. Berenberg Bank upped their price objective on Grafton Group from GBX 1,000 to GBX 1,150 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Peel Hunt reissued a “buy” rating and issued a GBX 1,160 target price on shares of Grafton Group in a research note on Monday, July 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,275 target price on shares of Grafton Group in a report on Monday, May 18th. Finally, Citigroup decreased their price target on shares of Grafton Group from £115 to £110 and set a “buy” rating on the stock in a research note on Friday, June 19th.

Grafton Group Stock Performance

Grafton Group stock opened at GBX 1,046.60 on Wednesday. The company has a debt-to-equity ratio of 37.55, a quick ratio of 1.56 and a current ratio of 2.11. The stock has a fifty day moving average of GBX 954.63 and a two-hundred day moving average of GBX 918.77. The company has a market capitalization of £2.43 billion, a price-to-earnings ratio of 11.43, a PEG ratio of 1.58 and a beta of 1.07. Grafton Group has a fifty-two week low of GBX 788.60 and a fifty-two week high of GBX 1,062.80.

Grafton Group declared that its Board of Directors has initiated a stock repurchase plan on Tuesday, June 30th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board 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.