Grafton Group plc (LON:GFTU) Given Consensus Recommendation of “Buy” by Analysts

Grafton Group plc (LON:GFTU) has been given an average recommendation of “Buy” by the six brokerages that are presently covering the stock, Marketbeat.com reports. Six investment analysts have rated the stock with a buy recommendation. The average 12 month price target among analysts that have issued ratings on the stock in the last year is GBX 2,825.

Several equities research analysts have recently commented on the company. Berenberg Bank upped their price objective on Grafton Group from GBX 1,000 to GBX 1,150 and gave the stock a “buy” rating in a research note on Wednesday, July 8th. Citigroup cut their price target on Grafton Group from £115 to £110 and set a “buy” rating for the company in a report on Friday, June 19th. Peel Hunt restated a “buy” rating and issued a GBX 1,160 price target on shares of Grafton Group in a research report on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,275 price objective on shares of Grafton Group in a research report on Monday, May 18th.

Grafton Group Trading Down 0.4%

Shares of Grafton Group stock opened at GBX 965.70 on Friday. The company’s fifty day simple moving average is GBX 888.71 and its 200-day simple moving average is GBX 907.63. The stock has a market capitalization of £2.24 billion, a PE ratio of 10.55, a P/E/G ratio of 1.58 and a beta of 1.07. Grafton Group has a 1-year low of GBX 788.60 and a 1-year high of GBX 1,009.80. The company has a debt-to-equity ratio of 37.55, a current ratio of 2.11 and a quick ratio of 1.56.

Grafton Group declared that its board has authorized a stock buyback program on Tuesday, June 30th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s board of directors believes its stock is undervalued.

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.