Grafton Group plc (LON:GFTU - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as GBX 1,047 and last traded at GBX 1,035.50, with a volume of 34867 shares changing hands. The stock had previously closed at GBX 1,042.80.
Analyst Ratings Changes
GFTU has been the topic of a number of recent analyst reports. Berenberg Bank boosted their target price on shares of Grafton Group from GBX 1,000 to GBX 1,150 and gave the stock a "buy" rating in a report on Wednesday, July 8th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a GBX 1,275 price objective on shares of Grafton Group in a research report on Monday, May 18th. 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, Citigroup dropped their target price on shares of Grafton Group from £115 to £110 and set a "buy" rating on the stock in a report on Friday, June 19th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat, Grafton Group currently has an average rating of "Buy" and a consensus price target of GBX 2,825.
Get Our Latest Analysis on Grafton Group
Grafton Group Stock Performance
The stock has a market capitalization of £2.39 billion, a P/E ratio of 11.27, a PEG ratio of 1.58 and a beta of 1.07. 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 company's fifty day simple moving average is GBX 908.05 and its two-hundred day simple moving average is GBX 910.68.
Grafton Group declared that its board has approved a stock repurchase plan on Tuesday, June 30th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its shares are undervalued.
Grafton Group Company Profile
(
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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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