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

Grafton Group plc (LON:GFTU) has received an average recommendation of “Buy” from the six analysts that are presently covering the company, Marketbeat Ratings reports. Six equities research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have covered the stock in the last year is GBX 2,825.

A number of research firms have commented on GFTU. Peel Hunt reiterated a “buy” rating and set a GBX 1,160 target price on shares of Grafton Group in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,275 price target on shares of Grafton Group in a research note on Monday, May 18th. Citigroup decreased their price objective on shares of Grafton Group from £115 to £110 and set a “buy” rating on the stock in a research report on Friday, June 19th. 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 note on Wednesday, July 8th.

Grafton Group Stock Performance

LON GFTU opened at GBX 1,046.60 on Wednesday. Grafton Group has a 1-year low of GBX 788.60 and a 1-year high of GBX 1,062.80. The company has a market capitalization of £2.43 billion, a P/E ratio of 11.43, a PEG ratio of 1.58 and a beta of 1.07. The business has a 50 day moving average price of GBX 954.63 and a 200 day moving average price of GBX 918.77. The company has a debt-to-equity ratio of 37.55, a current ratio of 2.11 and a quick ratio of 1.56.

Grafton Group declared that its Board of Directors has initiated a share repurchase program on Tuesday, June 30th that allows the company to buyback 0 shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually 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.