Grafton Group (LON:GFTU) Price Target Cut to GBX 1,150 by Analysts at Citigroup

Grafton Group (LON:GFTU) had its price target cut by stock analysts at Citigroup from GBX 1,170 to GBX 1,150 in a research report issued on Wednesday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target points to a potential upside of 20.98% from the stock’s previous close.

Several other research firms have also recently weighed in on GFTU. Royal Bank Of Canada decreased their target price on Grafton Group from GBX 1,220 to GBX 1,190 and set an “outperform” rating for the company in a research note on Friday, October 31st. Peel Hunt reissued a “buy” rating and set a GBX 1,130 price objective on shares of Grafton Group in a report on Thursday, November 13th. Four research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of GBX 1,142.50.

Grafton Group Stock Up 2.4%

Shares of GFTU opened at GBX 950.60 on Wednesday. The company’s 50-day simple moving average is GBX 929.12 and its 200-day simple moving average is GBX 919.24. The company has a debt-to-equity ratio of 37.66, a quick ratio of 1.56 and a current ratio of 2.21. Grafton Group has a 1 year low of GBX 790.90 and a 1 year high of GBX 1,035.60. The stock has a market capitalization of £2.20 billion, a PE ratio of 10.39, a P/E/G ratio of 1.58 and a beta of 1.60.

Insider Buying and Selling at Grafton Group

In related news, insider Eric Born sold 2,200 shares of the firm’s stock in a transaction dated Tuesday, December 2nd. The stock was sold at an average price of GBX 933, for a total transaction of £20,526. Company insiders own 9.33% of the company’s stock.

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.