Grafton Group plc (LON:GFTU) Receives Consensus Recommendation of “Buy” from Analysts

Grafton Group plc (LON:GFTU) has been assigned a consensus recommendation of “Buy” from the six ratings firms that are covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a buy rating. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 2,825.

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

Grafton Group Price Performance

Shares of GFTU stock opened at GBX 1,028.80 on Wednesday. The firm has a fifty day simple moving average of GBX 969.88 and a 200-day simple moving average of GBX 921.19. The company has a market capitalization of £2.38 billion, a PE ratio of 11.24, a price-to-earnings-growth ratio of 1.58 and a beta of 1.07. Grafton Group has a twelve month low of GBX 788.60 and a twelve month high of GBX 1,063. The company has a current ratio of 2.11, a quick ratio of 1.56 and a debt-to-equity ratio of 37.55.

Grafton Group announced that its board has initiated a stock repurchase program on Tuesday, June 30th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s leadership believes its shares are 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.