Grafton Group plc (LON:GFTU) Given Consensus Rating of “Buy” by Brokerages

Grafton Group plc (LON:GFTU) has received an average recommendation of “Buy” from the six ratings firms that are covering the stock, MarketBeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average twelve-month price objective among brokerages that have covered the stock in the last year is GBX 1,153.33.

A number of research firms have issued reports on GFTU. Berenberg Bank cut their target price on shares of Grafton Group from GBX 1,100 to GBX 1,000 and set a “buy” rating on the stock in a research report on Monday, May 18th. Stifel Nicolaus reiterated a “buy” rating and set a GBX 1,175 price target on shares of Grafton Group in a research report on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,275 price target on shares of Grafton Group in a research note on Monday, May 18th.

Grafton Group Price Performance

Grafton Group stock opened at GBX 868.40 on Friday. The business’s 50-day simple moving average is GBX 867.98 and its 200 day simple moving average is GBX 912.69. The company has a quick ratio of 1.56, a current ratio of 2.11 and a debt-to-equity ratio of 37.55. The stock has a market cap of £2.01 billion, a price-to-earnings ratio of 9.49, a P/E/G ratio of 1.58 and a beta of 1.08. Grafton Group has a 12-month low of GBX 788.60 and a 12-month high of GBX 1,034.

Grafton Group announced that its board has approved a share repurchase program on Thursday, March 5th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.

Insider Activity at Grafton Group

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