Grafton Group (LON:GFTU) Insider Sells 10,000 Shares

Key Points

• Insider selling: Director David Arnold sold 15,000 Grafton Group shares on September 15 at GBX 953 each, worth approximately £142,950 in total.
• Stock performance and valuation: Grafton shares opened at GBX 951.70, with a market capitalization of about £2.21 billion, a P/E ratio of 10.40, and a 52-week range of GBX 788.60 to GBX 1,063.
• Analyst outlook: All six covering analysts rate the stock a “Buy,” with recent price targets ranging from GBX 1,150 to GBX 1,315, although the article’s reported average target appears inconsistent at GBX 2,831.67.

Grafton Group plc (LON:GFTU - Get Free Report) insider David Arnold sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of GBX 953, for a total transaction of £95,300.

David Arnold also recently made the following trade(s):

• On Tuesday, September 15th, David Arnold sold 5,000 shares of Grafton Group stock. The stock was sold at an average price of GBX 953, for a total transaction of £47,650.

Grafton Group Trading Up 0.1%

GFTU opened at GBX 951.70 on Wednesday. Grafton Group plc has a fifty-two week low of GBX 788.60 and a fifty-two week high of GBX 1,063. The company has a debt-to-equity ratio of 43.55, a current ratio of 1.83 and a quick ratio of 1.56. The firm has a market capitalization of £2.21 billion, a price-to-earnings ratio of 10.40, a PEG ratio of 1.58 and a beta of 1.08. The company's 50 day moving average price is GBX 984.12 and its two-hundred day moving average price is GBX 920.90.

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

Analyst Ratings Changes

A number of research firms recently weighed in on GFTU. Berenberg Bank increased their price objective 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. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 1,315 target price on shares of Grafton Group in a report on Friday, September 4th. Citigroup reduced their price target on Grafton Group from £115 to £110 and set a "buy" rating on the stock in a research report on Friday, June 19th. Finally, 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. Six investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has an average rating of "Buy" and an average price target of GBX 2,831.67.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.