Grafton Group plc (LON:GFTU – Get Free Report)’s share price hit a new 52-week high on Thursday. The stock traded as high as GBX 1,069.20 and last traded at GBX 1,062, with a volume of 410,635 shares. The stock had previously closed at GBX 1,041.20.
Wall Street Analysts Forecast Growth
A number of equities research analysts have commented on the company. Peel Hunt reissued a “buy” rating and set a GBX 1,160 price target on shares of Grafton Group in a report on Monday, July 13th. 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. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 1,315 target price on shares of Grafton Group in a research report on Friday, September 4th. Five investment analysts have rated the stock with a Buy rating. According to data from MarketBeat, the company presently has a consensus rating of “Buy” and an average target price of GBX 3,160.
View Our Latest Report on GFTU
Grafton Group Stock Performance
The firm’s 50-day moving average price is GBX 980.73 and its 200-day moving average price is GBX 936.12. The company has a debt-to-equity ratio of 43.55, a current ratio of 1.83 and a quick ratio of 1.56. The stock has a market cap of £1.98 billion, a P/E ratio of 15.65, a PEG ratio of 1.58 and a beta of 1.07.
Insiders Place Their Bets
In related news, insider David Arnold sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of GBX 953, for a total transaction of £95,300. Insiders own 11.52% of the company’s stock.
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.
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