Grafton Group (LON:GFTU) Receives Buy Rating from Deutsche Bank Aktiengesellschaft

Key Points

• Deutsche Bank reaffirmed its “buy” rating on Grafton Group and set a GBX 1,315 price target, implying 30.85% upside from the prior close.
• Analyst sentiment remains positive: six analysts rate the stock a buy, with additional buy ratings from Peel Hunt, Berenberg Bank, and Citigroup.
• Grafton Group shares fell 0.5% to GBX 1,005 in Friday trading, while the company’s market capitalization stood at approximately £2.33 billion.

Grafton Group (LON:GFTU - Get Free Report)'s stock had its "buy" rating restated by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued on Friday, Digital Look reports. They currently have a GBX 1,315 price objective on the stock. Deutsche Bank Aktiengesellschaft's price objective would indicate a potential upside of 30.85% from the company's previous close.

GFTU has been the subject of a number of other reports. Peel Hunt reissued a "buy" rating and issued a GBX 1,160 price target on shares of Grafton Group in a research note on Monday, July 13th. Berenberg Bank increased their target price on Grafton Group from GBX 1,000 to GBX 1,150 and gave the stock a "buy" rating in a research report on Wednesday, July 8th. Finally, Citigroup lowered their target price on Grafton Group from £115 to £110 and set a "buy" rating for the company in a research note on Friday, June 19th. Six investment analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has an average rating of "Buy" and an average price target of GBX 2,831.67.

Grafton Group Trading Down 0.5%

Shares of GFTU traded down GBX 5.20 during trading hours on Friday, reaching GBX 1,005. 963,206 shares of the company traded hands, compared to its average volume of 5,186,906. The company's fifty day moving average price is GBX 973.81 and its two-hundred day moving average price is GBX 921.63. The company has a market capitalization of £2.33 billion, a price-to-earnings ratio of 10.98, a price-to-earnings-growth ratio of 1.58 and a beta of 1.07. The company has a quick ratio of 1.56, a current ratio of 2.11 and a debt-to-equity ratio of 37.55. Grafton Group has a 12 month low of GBX 788.60 and a 12 month high of GBX 1,063.

Grafton Group declared that its Board of Directors has initiated a stock buyback program 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. Stock repurchase programs are often an indication that the company's board of directors 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.

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