Brokerages Set Grafton Group plc (LON:GFTU) PT at GBX 1,153.33

Shares of Grafton Group plc (LON:GFTU) have been given a consensus recommendation of “Buy” by the six research firms that are covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a buy recommendation. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 1,153.33.

GFTU has been the topic of several research analyst reports. Berenberg Bank reduced their price objective on Grafton Group from GBX 1,100 to GBX 1,000 and set a “buy” rating on the stock in a research note on Monday, May 18th. Stifel Nicolaus reaffirmed a “buy” rating and issued a GBX 1,175 target price on shares of Grafton Group in a research report on Thursday, March 19th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,275 price target on shares of Grafton Group in a report on Monday, May 18th.

Insider Transactions at Grafton Group

In other news, insider Eric Born bought 1,182 shares of the stock in a transaction that occurred on Wednesday, April 8th. The shares were purchased at an average cost of GBX 915 per share, with a total value of £10,815.30. 9.33% of the stock is currently owned by insiders.

Grafton Group Stock Performance

Shares of GFTU opened at GBX 820.70 on Monday. The business’s fifty day moving average price is GBX 891.31 and its 200 day moving average price is GBX 922.24. Grafton Group has a 12-month low of GBX 788.60 and a 12-month high of GBX 1,034. The stock has a market capitalization of £1.90 billion, a PE ratio of 8.97, a price-to-earnings-growth ratio of 1.58 and a beta of 1.08. 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 initiated a share repurchase program on Thursday, March 5th that permits the company to buyback 0 outstanding shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication 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.