Grafton Group plc (LON:GFTU) Receives GBX 2,795 Consensus Target Price from Analysts

Grafton Group plc (LON:GFTU) has been given an average rating of “Buy” by the six analysts that are covering the company, MarketBeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month target price among brokers that have covered the stock in the last year is GBX 2,825.

Several research firms have issued reports on GFTU. Berenberg Bank upped their price target on shares of Grafton Group from GBX 1,000 to GBX 1,150 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Citigroup decreased their price objective on Grafton Group from £115 to £110 and set a “buy” rating on the stock in a report on Friday, June 19th. Stifel Nicolaus reissued a “buy” rating and issued a GBX 1,175 target price on shares of Grafton Group in a research note on Thursday, March 19th. Peel Hunt restated a “buy” rating and set a GBX 1,160 target price on shares of Grafton Group in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 1,275 price target on shares of Grafton Group in a research report on Monday, May 18th.

Grafton Group Price Performance

GFTU stock opened at GBX 894.60 on Tuesday. The firm has a market cap of £2.07 billion, a P/E ratio of 9.77, a P/E/G ratio of 1.58 and a beta of 1.07. The firm’s fifty day moving average is GBX 858.44 and its 200 day moving average is GBX 906.97. Grafton Group has a 52 week low of GBX 788.60 and a 52 week high of GBX 1,009.80. The company has a debt-to-equity ratio of 37.55, a quick ratio of 1.56 and a current ratio of 2.11.

Grafton Group declared that its Board of Directors has initiated a stock repurchase program on Tuesday, June 30th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company’s board believes its shares are undervalued.

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.