David Arnold Sells 10,000 Shares of Grafton Group (LON:GFTU) Stock

Grafton Group plc (LON:GFTU) insider David Arnold sold 10,000 shares of the stock in a transaction dated Tuesday, September 15th. The stock was sold at an average price of GBX 953, for a total value 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 value of £47,650.

Grafton Group Stock Up 0.1%

Shares of LON:GFTU opened at GBX 951.70 on Wednesday. The company has a market capitalization of £2.21 billion, a price-to-earnings ratio of 10.40, a P/E/G ratio of 1.58 and a beta of 1.08. 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 business’s 50-day moving average is GBX 984.12 and its 200-day moving average is GBX 920.90. Grafton Group plc has a 1 year low of GBX 788.60 and a 1 year high of GBX 1,063.

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

Analysts Set New Price Targets

A number of research firms have issued reports on GFTU. Citigroup cut their price target on Grafton Group from £115 to £110 and set a “buy” rating on the stock in a report on Friday, June 19th. Berenberg Bank boosted their target price on shares of Grafton Group from GBX 1,000 to GBX 1,150 and gave the company a “buy” rating in a research report on Wednesday, July 8th. Peel Hunt reissued a “buy” rating and set a GBX 1,160 target price on shares of Grafton Group in a research note on Monday, July 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,315 price target on shares of Grafton Group in a report on Friday, September 4th. Six analysts have rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of GBX 2,831.67.

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.