Grafton Group (LON:GFTU) Receives “Buy” Rating from Deutsche Bank Aktiengesellschaft

Grafton Group (LON:GFTU)‘s stock had its “buy” rating reaffirmed by stock analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Friday, Digital Look reports. They presently have a GBX 1,315 price objective on the stock. Deutsche Bank Aktiengesellschaft’s price objective would suggest a potential upside of 30.85% from the company’s current price.

Other equities analysts also recently issued reports about the company. Citigroup reduced their price target on Grafton Group from £115 to £110 and set a “buy” rating for the company in a report on Friday, June 19th. Peel Hunt reiterated a “buy” rating and issued a GBX 1,160 price target on shares of Grafton Group in a research note on Monday, July 13th. Finally, Berenberg Bank increased their price objective on shares of 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. Six analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of GBX 2,831.67.

Grafton Group Stock Down 0.5%

LON:GFTU traded down GBX 5.20 during trading hours on Friday, reaching GBX 1,005. 963,206 shares of the company traded hands, compared to its average volume of 5,186,906. The business’s 50-day moving average price is GBX 973.81 and its two-hundred day moving average price is GBX 921.63. The stock has a market capitalization of £2.33 billion, a P/E ratio of 10.98, a P/E/G ratio of 1.58 and a beta of 1.07. Grafton Group has a 1 year low of GBX 788.60 and a 1 year high of GBX 1,063. 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 approved a stock repurchase plan 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 plans are often an indication that the company’s management believes its stock is undervalued.

About Grafton Group

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.