Grafton Group plc (LON:GFTU) Stock Has Average Target Price of GBX 2,831.67 According to Analysts

Shares of Grafton Group plc (LON:GFTU) have received a consensus rating of “Buy” from the six analysts that are currently covering the firm, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is GBX 2,831.67.

A number of brokerages have issued reports on GFTU. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,160 target price on shares of Grafton Group in a report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,315 price target on shares of Grafton Group in a research note on Friday, September 4th. Citigroup decreased their price target on Grafton Group from £115 to £110 and set a “buy” rating on the stock in a research note on Friday, June 19th. Finally, Berenberg Bank upped their price target on Grafton Group from GBX 1,000 to GBX 1,150 and gave the stock a “buy” rating in a report on Wednesday, July 8th.

Insider Transactions at Grafton Group

In other Grafton Group news, insider David Arnold sold 10,000 shares of the business’s stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of GBX 953, for a total transaction of £95,300. Corporate insiders own 11.52% of the company’s stock.

Grafton Group Trading Up 0.6%

Shares of GFTU opened at GBX 970 on Thursday. The company has a current ratio of 1.83, a quick ratio of 1.56 and a debt-to-equity ratio of 43.55. The firm’s 50-day moving average is GBX 991.41 and its two-hundred day moving average is GBX 926.46. Grafton Group has a twelve month low of GBX 788.60 and a twelve month high of GBX 1,063. The firm has a market capitalization of £1.81 billion, a P/E ratio of 14.27, a PEG ratio of 1.58 and a beta of 1.08.

Grafton Group declared that its Board of Directors has initiated a stock repurchase program on Tuesday, June 30th that permits the company to repurchase 0 shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Share buyback programs are generally an indication that the company’s board of directors believes its shares are 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.