Grafton Group plc (LON:GFTU) Receives Consensus Recommendation of "Buy" from Brokerages

Key Points

• Grafton Group received a consensus “Buy” rating from all six covering brokerages, with an average 12-month price target of GBX 2,831.67.
• Recent analyst actions remained positive: Berenberg, Peel Hunt, Citigroup, and Deutsche Bank all maintained or assigned “Buy” ratings, with price targets ranging from GBX 1,150 to GBX 1,315.
• Insider David Arnold sold 10,000 shares for approximately £95,300, while insiders collectively own 9.33% of the company; Grafton shares opened at GBX 954.52, within a 52-week range of GBX 788.60 to GBX 1,063.

Grafton Group plc (LON:GFTU - Get Free Report) has earned a consensus rating of "Buy" from the six brokerages that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a buy rating. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is GBX 2,831.67.

Several analysts have issued reports on the company. Berenberg Bank increased their target price on 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 reduced their price target on Grafton Group from £115 to £110 and set a "buy" rating for the company in a research report on Friday, June 19th. Peel Hunt restated a "buy" rating and set a GBX 1,160 price objective on shares of Grafton Group in a research note on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 1,315 price objective on shares of Grafton Group in a research report on Friday, September 4th.

Insider Activity at Grafton Group

In other Grafton Group news, insider David Arnold sold 10,000 shares of the stock in a transaction dated Tuesday, September 15th. The shares were sold at an average price of GBX 953, for a total transaction of £95,300. Insiders own 9.33% of the company's stock.

Grafton Group Stock Performance

Shares of GFTU stock opened at GBX 954.52 on Friday. The firm has a market cap of £2.21 billion, a price-to-earnings ratio of 10.43, a PEG ratio of 1.58 and a beta of 1.08. The company's 50 day moving average is GBX 990.50 and its 200 day moving average is GBX 921.10. The company has a quick ratio of 1.56, a current ratio of 1.83 and a debt-to-equity ratio of 43.55. Grafton Group has a 52-week low of GBX 788.60 and a 52-week high of GBX 1,063.

Grafton Group declared that its Board of Directors has approved a share buyback program on Tuesday, June 30th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Stock repurchase programs are usually a sign that the company's board 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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