Citigroup Lowers Grafton Group (LON:GFTU) Price Target to GBX 1,150

Grafton Group (LON:GFTU) had its price objective dropped by Citigroup from GBX 1,170 to GBX 1,150 in a research report issued to clients and investors on Wednesday, Marketbeat Ratings reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price objective points to a potential upside of 20.98% from the stock’s current price.

A number of other equities research analysts have also weighed in on GFTU. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,130 price objective on shares of Grafton Group in a report on Thursday, November 13th. Royal Bank Of Canada reduced their price target on Grafton Group from GBX 1,220 to GBX 1,190 and set an “outperform” rating for the company in a report on Friday, October 31st. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Grafton Group has an average rating of “Buy” and a consensus target price of GBX 1,142.50.

Grafton Group Stock Up 2.4%

GFTU stock opened at GBX 950.60 on Wednesday. The stock has a market capitalization of £2.20 billion, a PE ratio of 10.39, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60. The company has a fifty day moving average of GBX 929.12 and a 200-day moving average of GBX 919.24. The company has a debt-to-equity ratio of 37.66, a quick ratio of 1.56 and a current ratio of 2.21. Grafton Group has a one year low of GBX 790.90 and a one year high of GBX 1,035.60.

Insider Buying and Selling

In other Grafton Group news, insider Eric Born sold 2,200 shares of the company’s stock in a transaction on Tuesday, December 2nd. The stock was sold at an average price of GBX 933, for a total value of £20,526. Insiders own 9.33% of the company’s stock.

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.