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

Grafton Group plc (LON:GFTU) has been assigned a consensus rating of “Buy” from the six analysts that are covering the company, Marketbeat.com reports. Six analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have covered the stock in the last year is GBX 1,153.33.

GFTU has been the subject of a number of recent analyst reports. Berenberg Bank cut their price target on shares of Grafton Group from GBX 1,100 to GBX 1,000 and set a “buy” rating for the company in a report on Monday. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 1,175 price target on shares of Grafton Group in a report 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 research report on Monday.

Insider Activity at Grafton Group

In other news, insider Eric Born bought 1,182 shares of the stock in a transaction dated Wednesday, April 8th. The stock was purchased at an average price of GBX 915 per share, for a total transaction of £10,815.30. Corporate insiders own 9.33% of the company’s stock.

Grafton Group Trading Down 0.6%

GFTU stock traded down GBX 4.60 during midday trading on Monday, hitting GBX 803.80. 855,894 shares of the company’s stock were exchanged, compared to its average volume of 7,745,157. The company has a debt-to-equity ratio of 37.55, a quick ratio of 1.56 and a current ratio of 2.11. Grafton Group has a one year low of GBX 788.60 and a one year high of GBX 1,035.60. The company has a market cap of £1.86 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 1.58 and a beta of 1.08. The stock’s fifty day moving average price is GBX 900.93 and its 200-day moving average price is GBX 927.61.

Grafton Group declared that its board has initiated a share repurchase program on Thursday, March 5th that allows the company to repurchase 0 outstanding shares. This repurchase authorization allows the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically an indication 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.