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

Shares of Grafton Group plc (LON:GFTU) have been given an average rating of “Buy” by the six ratings firms that are currently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a buy rating. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is GBX 1,153.33.

Several equities research analysts recently weighed in on GFTU shares. Stifel Nicolaus reissued a “buy” rating and set a GBX 1,175 price objective on shares of Grafton Group in a report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 1,275 target price on shares of Grafton Group in a report on Monday, May 18th. Finally, Berenberg Bank cut their target price on Grafton Group from GBX 1,100 to GBX 1,000 and set a “buy” rating on the stock in a report on Monday, May 18th.

Grafton Group Trading Down 0.8%

LON GFTU opened at GBX 820.70 on Monday. 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 twelve month low of GBX 788.60 and a twelve month high of GBX 1,034. The company has a market cap of £1.90 billion, a price-to-earnings ratio of 8.97, a price-to-earnings-growth ratio of 1.58 and a beta of 1.08. The business’s fifty day moving average is GBX 891.31 and its 200 day moving average is GBX 922.05.

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

Insider Buying and Selling

In related news, insider Eric Born bought 1,182 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were purchased at an average cost of GBX 915 per share, with a total value of £10,815.30. Insiders own 9.33% of the company’s stock.

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.