Grafton Group (LON:GFTU) Reaches New 52-Week High – What’s Next?

Grafton Group plc (LON:GFTU)’s share price reached a new 52-week high on Friday . The company traded as high as GBX 1,055.80 and last traded at GBX 1,037.20, with a volume of 10745424 shares traded. The stock had previously closed at GBX 1,038.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Berenberg Bank increased their price objective on Grafton Group from GBX 1,000 to GBX 1,150 and gave the company a “buy” rating in a research note on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 1,275 target price on shares of Grafton Group in a research note on Monday, May 18th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,160 price target on shares of Grafton Group in a research report on Monday, July 13th. Finally, Citigroup decreased their price objective on Grafton Group from £115 to £110 and set a “buy” rating for the company in a research note on Friday, June 19th. Six equities research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Grafton Group currently has an average rating of “Buy” and a consensus price target of GBX 2,825.

Grafton Group Stock Down 0.1%

The company has a debt-to-equity ratio of 37.55, a quick ratio of 1.56 and a current ratio of 2.11. The firm has a market cap of £2.40 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.07. The firm has a 50-day moving average price of GBX 963.74 and a two-hundred day moving average price of GBX 920.73.

Grafton Group declared that its Board of Directors has initiated a share buyback plan on Tuesday, June 30th that allows the company to repurchase 0 shares. This repurchase authorization allows the company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is 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.