Grafton Group (LON:GFTU) Given New GBX 1,000 Price Target at Berenberg Bank

Grafton Group (LON:GFTU) had its target price dropped by equities research analysts at Berenberg Bank from GBX 1,100 to GBX 1,000 in a report released on Monday,Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 24.83% from the stock’s previous close.

Separately, 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 equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Grafton Group presently has a consensus rating of “Buy” and an average price target of GBX 1,129.

Grafton Group Stock Down 0.9%

LON GFTU opened at GBX 801.10 on Monday. The stock’s 50-day moving average price is GBX 900.93 and its 200-day moving average price is GBX 927.61. The company has a quick ratio of 1.56, a current ratio of 2.11 and a debt-to-equity ratio of 37.55. Grafton Group has a 52 week low of GBX 788.60 and a 52 week high of GBX 1,035.60. The company has a market capitalization of £1.86 billion, a P/E ratio of 8.75, a price-to-earnings-growth ratio of 1.58 and a beta of 1.08.

Grafton Group declared that its board has approved a stock repurchase program on Thursday, March 5th that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to buy shares of its stock through open market purchases. Shares repurchase programs are typically a sign that the company’s leadership believes its shares are undervalued.

Insider Activity at Grafton Group

In related news, insider Eric Born acquired 1,182 shares of the firm’s stock in a transaction dated Wednesday, April 8th. The shares were purchased at an average price of GBX 915 per share, with a total value of £10,815.30. 9.33% of the stock is owned by company insiders.

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.