Grafton Group’s (GFTU) Buy Rating Reaffirmed at Stifel Nicolaus

Stifel Nicolaus reaffirmed their buy rating on shares of Grafton Group (LON:GFTU) in a research report sent to investors on Thursday morning, MarketBeat Ratings reports. The brokerage currently has a GBX 1,175 price objective on the stock.

GFTU has been the subject of a number of other reports. Peel Hunt restated a “buy” rating and issued a GBX 1,130 price objective on shares of Grafton Group in a research report on Thursday, November 13th. Citigroup dropped their price target on shares of Grafton Group from GBX 1,170 to GBX 1,150 and set a “buy” rating on the stock in a research note on Wednesday, January 14th. Five equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat, Grafton Group has a consensus rating of “Buy” and a consensus price target of GBX 1,149.

Grafton Group Price Performance

Shares of Grafton Group stock opened at GBX 934.80 on Thursday. The firm has a market cap of £2.17 billion, a PE ratio of 10.21, a P/E/G ratio of 1.58 and a beta of 1.20. Grafton Group has a twelve month low of GBX 790.90 and a twelve month high of GBX 1,035.60. The company has a quick ratio of 1.56, a current ratio of 1.94 and a debt-to-equity ratio of 39.87. The business has a 50-day moving average price of GBX 951.27 and a 200 day moving average price of GBX 927.90.

Grafton Group declared that its board has authorized a stock repurchase plan on Thursday, March 5th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Stock repurchase plans are typically an indication 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.