Grafton Group's (GFTU) "Buy" Rating Reaffirmed at Berenberg Bank

Key Points

• Grafton Group's stock rating has been reiterated as a "buy" by Berenberg Bank, with a price target of GBX 1,100, indicating a potential upside of 26.1%.
• As of Thursday, Grafton Group's stock opened at GBX 872.30, with a 50-day moving average of GBX 911.76 and a 200-day moving average of GBX 918.11.
• The company operates in the distribution, retailing, and manufacturing sectors across multiple countries, including Ireland, the Netherlands, Finland, and the UK.

Grafton Group (LON:GFTU - Get Free Report)'s stock had its "buy" rating restated by Berenberg Bank in a report issued on Thursday, MarketBeat Ratings reports. They currently have a GBX 1,100 price target on the stock. Berenberg Bank's target price suggests a potential upside of 24.80% from the stock's current price.

Grafton Group Stock Performance

Shares of GFTU traded up GBX 16.40 during mid-day trading on Thursday, reaching GBX 881.40. The company's stock had a trading volume of 65,077,555 shares, compared to its average volume of 958,861. The company has a current ratio of 2.21, a quick ratio of 1.56 and a debt-to-equity ratio of 37.66. Grafton Group has a 1-year low of GBX 790.90 and a 1-year high of GBX 1,094. The business has a 50-day simple moving average of GBX 908.88 and a two-hundred day simple moving average of GBX 918.60. The stock has a market cap of £2.04 billion, a P/E ratio of 962.96, a PEG ratio of 1.58 and a beta of 1.60.

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.