Grafton Group’s (GFTU) Buy Rating Reiterated at Deutsche Bank Aktiengesellschaft

Deutsche Bank Aktiengesellschaft reiterated their buy rating on shares of Grafton Group (LON:GFTU) in a research report sent to investors on Friday,Digital Look reports. The firm currently has a GBX 1,315 price target on the stock.

A number of other brokerages have also issued reports on GFTU. Peel Hunt restated a “buy” rating and set a GBX 1,160 target price on shares of Grafton Group in a research report on Monday, July 13th. Berenberg Bank boosted their price target on Grafton Group from GBX 1,000 to GBX 1,150 and gave the company a “buy” rating in a report on Wednesday, July 8th. Finally, Citigroup reduced 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. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of GBX 2,831.67.

Grafton Group Stock Performance

Shares of LON GFTU opened at GBX 1,007.20 on Friday. The company has a market cap of £2.33 billion, a PE ratio of 11.00, a price-to-earnings-growth ratio of 1.58 and a beta of 1.07. Grafton Group has a 12 month low of GBX 788.60 and a 12 month high of GBX 1,063. The company has a debt-to-equity ratio of 43.55, a current ratio of 1.83 and a quick ratio of 1.56. The company has a 50-day simple moving average of GBX 975.67 and a 200-day simple moving average of GBX 921.86.

Grafton Group declared that its Board of Directors has authorized a share repurchase plan on Tuesday, June 30th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Shares buyback plans are usually an indication that the company’s leadership 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.