Grafton Group (LON:GFTU) Given “Buy” Rating at Stifel Nicolaus

Grafton Group (LON:GFTU)‘s stock had its “buy” rating reiterated by equities researchers at Stifel Nicolaus in a research report issued to clients and investors on Thursday,London Stock Exchange reports. They currently have a GBX 1,175 price target on the stock. Stifel Nicolaus’ price target would indicate a potential upside of 26.68% from the stock’s current price.

Separately, Citigroup lowered their price target on shares of Grafton Group from GBX 1,170 to GBX 1,150 and set a “buy” rating on the stock in a research report on Wednesday, January 14th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, Grafton Group currently has a consensus rating of “Buy” and an average price target of GBX 1,149.

Grafton Group Stock Performance

LON GFTU traded up GBX 16.80 during trading on Thursday, hitting GBX 927.50. 20,156,061 shares of the company’s stock traded hands, compared to its average volume of 1,476,150. 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 stock has a market capitalization of £2.15 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 1.58 and a beta of 1.20. Grafton Group has a 12-month low of GBX 790.90 and a 12-month high of GBX 1,035.60. The business has a 50 day moving average of GBX 944.94 and a 200-day moving average of GBX 929.36.

Grafton Group declared that its Board of Directors has authorized a stock buyback plan on Thursday, March 5th that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board believes its shares are undervalued.

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.