Grafton Group plc (LON:GFTU) Stock Rated “Buy” by Wall Street Brokerages

Grafton Group plc (LON:GFTU) has received an average recommendation of “Buy” from the six brokerages that are covering the stock, Marketbeat reports. Six equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have covered the stock in the last year is GBX 2,831.67.

GFTU has been the subject of a number of research reports. Citigroup decreased their target price on shares of Grafton Group from £115 to £110 and set a “buy” rating for the company in a research note on Friday, June 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,315 price target on shares of Grafton Group in a research note on Friday, September 4th. Berenberg Bank lifted their price objective on Grafton Group from GBX 1,000 to GBX 1,150 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Finally, Peel Hunt reiterated a “buy” rating and set a GBX 1,160 price objective on shares of Grafton Group in a research report on Monday, July 13th.

Insider Activity at Grafton Group

In other news, insider David Arnold sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of GBX 953, for a total value of £95,300. 9.33% of the stock is owned by insiders.

Grafton Group Trading Up 0.4%

Shares of GFTU stock opened at GBX 963.90 on Friday. Grafton Group has a 12-month low of GBX 788.60 and a 12-month high of GBX 1,063. The company has a current ratio of 1.83, a quick ratio of 1.56 and a debt-to-equity ratio of 43.55. The firm’s 50 day moving average is GBX 996.11 and its 200 day moving average is GBX 922.67. The stock has a market capitalization of £2.23 billion, a P/E ratio of 10.53, a P/E/G ratio of 1.58 and a beta of 1.08.

Grafton Group announced that its board has initiated a share buyback plan on Tuesday, June 30th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Stock buyback plans are often an indication that the company’s leadership 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.