Grafton Group plc (LON:GFTU) Given Average Rating of “Buy” by Analysts

Grafton Group plc (LON:GFTU) has received an average rating of “Buy” from the six analysts that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1 year price target among brokers that have covered the stock in the last year is GBX 1,153.33.

Several analysts have issued reports on GFTU shares. Stifel Nicolaus restated a “buy” rating and issued a GBX 1,175 price objective on shares of Grafton Group in a research note on Thursday, March 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 1,275 price objective on shares of Grafton Group in a report on Monday. Finally, Berenberg Bank lowered their price objective on shares of Grafton Group from GBX 1,100 to GBX 1,000 and set a “buy” rating on the stock in a research note on Monday.

Insider Transactions at Grafton Group

In related news, insider Eric Born purchased 1,182 shares of Grafton Group stock in a transaction on Wednesday, April 8th. The shares were bought at an average price of GBX 915 per share, with a total value of £10,815.30. 9.33% of the stock is currently owned by insiders.

Grafton Group Stock Performance

Grafton Group stock traded down GBX 4.60 on Monday, reaching GBX 803.80. 855,894 shares of the stock were exchanged, compared to its average volume of 7,745,157. The stock has a market cap of £1.86 billion, a PE ratio of 8.78, a PEG ratio of 1.58 and a beta of 1.08. The company has a current ratio of 2.11, a quick ratio of 1.56 and a debt-to-equity ratio of 37.55. The firm has a fifty day moving average price of GBX 900.93 and a two-hundred day moving average price of GBX 927.61. Grafton Group has a twelve month low of GBX 788.60 and a twelve month high of GBX 1,035.60.

Grafton Group declared that its Board of Directors has approved a share repurchase plan on Thursday, March 5th that permits the company to buyback 0 shares. This buyback authorization permits the company to buy shares of its stock through open market purchases. Shares buyback plans are usually a sign 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.