Grafton Group (LON:GFTU) Hits New 12-Month Low – Here’s What Happened

Grafton Group plc (LON:GFTU)’s share price reached a new 52-week low during trading on Tuesday . The company traded as low as GBX 841.20 and last traded at GBX 841.20, with a volume of 146152 shares. The stock had previously closed at GBX 860.70.

Analyst Ratings Changes

GFTU has been the topic of a number of recent analyst reports. Citigroup cut their price objective on Grafton Group from GBX 1,170 to GBX 1,150 and set a “buy” rating on the stock in a research note on Wednesday, January 14th. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 1,175 price objective on shares of Grafton Group in a research note on Thursday, March 19th. Five investment analysts have rated the stock with a Buy rating, According to MarketBeat.com, Grafton Group has a consensus rating of “Buy” and a consensus price target of GBX 1,149.

Grafton Group Price Performance

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 business has a 50-day moving average price of GBX 910.58 and a two-hundred day moving average price of GBX 931.95. The company has a market capitalization of £1.92 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 1.58 and a beta of 1.08.

Grafton Group declared that its Board of Directors has authorized a share repurchase program on Thursday, March 5th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to purchase shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Buying and Selling at Grafton Group

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

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.