Citigroup Lowers Grafton Group (LON:GFTU) Price Target to £110

Grafton Group (LON:GFTU) had its target price decreased by analysts at Citigroup from £115 to £110 in a research note issued to investors on Friday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock.

Several other brokerages also recently issued reports on GFTU. Berenberg Bank lowered their price objective on shares of Grafton Group from GBX 1,100 to GBX 1,000 and set a “buy” rating for the company in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,275 price objective on shares of Grafton Group in a research report on Monday, May 18th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a GBX 1,175 price target on shares of Grafton Group in a research report on Thursday, March 19th. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of GBX 2,795.

Grafton Group Stock Performance

Shares of GFTU opened at GBX 891.60 on Friday. The company has a debt-to-equity ratio of 37.55, a quick ratio of 1.56 and a current ratio of 2.11. Grafton Group has a twelve month low of GBX 788.60 and a twelve month high of GBX 1,034. The firm’s 50 day moving average price is GBX 867.39 and its two-hundred day moving average price is GBX 911.45. The firm has a market cap of £2.07 billion, a P/E ratio of 9.74, a PEG ratio of 1.58 and a beta of 1.08.

Grafton Group announced that its board has authorized a share buyback plan on Thursday, March 5th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its stock is undervalued.

Insiders Place Their Bets

In other news, insider Eric Born purchased 1,182 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were acquired at an average price of GBX 915 per share, with a total value of £10,815.30. Corporate 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.