Grafton Group plc (GFTU.L) - What Are Researchers Thinking About This Stock?

Key Points

• Analyst sentiment is unanimously positive: All six covering brokerages rate Grafton Group a “Buy,” with an average 12-month price target of GBX 2,831.67.
• Shares opened at GBX 970, near the middle of their 52-week range, with a £1.81 billion market capitalization and a P/E ratio of 14.27.
• Insider David Arnold sold 10,000 shares for £95,300, while insiders collectively own 11.52% of the company. A share buyback program was authorized, although the reported authorization covers zero shares.

Grafton Group plc (LON:GFTU - Get Free Report) has received an average rating of "Buy" from the six brokerages that are covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a buy rating. The average twelve-month price target among brokers that have covered the stock in the last year is GBX 2,831.67.

Several research firms have issued reports on GFTU. Peel Hunt reiterated a "buy" rating and set a GBX 1,160 target price on shares of Grafton Group in a research report on Monday, July 13th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 1,315 target price on shares of Grafton Group in a research note on Friday, September 4th. Berenberg Bank raised their price target on Grafton Group from GBX 1,000 to GBX 1,150 and gave the company a "buy" rating in a report on Wednesday, July 8th. Finally, Citigroup decreased their price target on Grafton Group from £115 to £110 and set a "buy" rating on the stock in a research note on Friday, June 19th.

Insider Transactions at Grafton Group

In other Grafton Group news, insider David Arnold sold 10,000 shares of the stock in a transaction on Tuesday, September 15th. The stock was sold at an average price of GBX 953, for a total value of £95,300. Insiders own 11.52% of the company's stock.

Grafton Group Trading Up 0.6%

LON GFTU opened at GBX 970 on Thursday. The company has a quick ratio of 1.56, a current ratio of 1.83 and a debt-to-equity ratio of 43.55. The stock has a market capitalization of £1.81 billion, a P/E ratio of 14.27, a P/E/G ratio of 1.58 and a beta of 1.08. Grafton Group has a 52-week low of GBX 788.60 and a 52-week high of GBX 1,063. The firm has a 50-day moving average price of GBX 991.41 and a 200 day moving average price of GBX 926.46.

Grafton Group declared that its Board of Directors has authorized a share buyback program on Tuesday, June 30th that allows the company to buy back 0 outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Share buyback programs are usually an indication that the company's board of directors 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.

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