Grafton Group (LON:GFTU) Earns Buy Rating from Deutsche Bank Aktiengesellschaft

Grafton Group (LON:GFTU)‘s stock had its “buy” rating reaffirmed by investment analysts at Deutsche Bank Aktiengesellschaft in a research note issued to investors on Monday,Digital Look reports. They presently have a GBX 1,275 price target on the stock. Deutsche Bank Aktiengesellschaft’s target price would indicate a potential upside of 58.62% from the company’s current price.

Other analysts have also recently issued reports about the company. Berenberg Bank dropped their price target on Grafton Group from GBX 1,100 to GBX 1,000 and set a “buy” rating on the stock in a research report on Monday. Stifel Nicolaus reiterated a “buy” rating and set a GBX 1,175 price objective on shares of Grafton Group in a research note on Thursday, March 19th. Six analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of GBX 1,153.33.

Grafton Group Price Performance

Shares of GFTU opened at GBX 803.80 on Monday. Grafton Group has a fifty-two week low of GBX 788.60 and a fifty-two week high of GBX 1,035.60. The firm’s 50-day simple moving average is GBX 900.93 and its two-hundred day simple moving average is GBX 927.61. The stock has a market cap of £1.86 billion, a PE ratio of 8.78, a price-to-earnings-growth ratio of 1.58 and a beta of 1.08. The company has a debt-to-equity ratio of 37.55, a quick ratio of 1.56 and a current ratio of 2.11.

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

Insider Activity

In other news, insider Eric Born bought 1,182 shares of the company’s stock in a transaction dated Wednesday, April 8th. The shares were purchased at an average price of GBX 915 per share, for a total transaction of £10,815.30. Corporate insiders own 9.33% of the company’s stock.

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.