Grafton Group plc (LON:GFTU) Stock Has Consensus Target Price of GBX 2,831.67 According to Brokerages

Shares of Grafton Group plc (LON:GFTU) have been assigned an average rating of “Buy” from the six analysts that are presently covering the stock, MarketBeat reports. Six equities research analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have issued ratings on the stock in the last year is GBX 2,831.67.

GFTU has been the subject of several recent research reports. Peel Hunt reissued a “buy” rating and set a GBX 1,160 price target on shares of Grafton Group in a research report on Monday, July 13th. Berenberg Bank lifted their price target on shares of Grafton Group from GBX 1,000 to GBX 1,150 and gave the stock a “buy” rating in a report on Wednesday, July 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,315 price objective on shares of Grafton Group in a research report on Friday, September 4th.

Grafton Group Stock Up 0.9%

GFTU opened at GBX 1,000 on Thursday. The business’s fifty day moving average is GBX 986.52 and its two-hundred day moving average is GBX 929.58. The company has a debt-to-equity ratio of 43.55, a quick ratio of 1.56 and a current ratio of 1.83. The company has a market cap of £1.86 billion, a price-to-earnings ratio of 14.71, a PEG ratio of 1.58 and a beta of 1.08. Grafton Group has a one year low of GBX 788.60 and a one year high of GBX 1,063.

Grafton Group declared that its board has approved a share buyback plan on Tuesday, June 30th that authorizes the company to repurchase 0 outstanding shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Share buyback plans are usually an indication that the company’s management believes its shares are undervalued.

Insider Buying and Selling

In related news, insider David Arnold sold 10,000 shares of the company’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. Company insiders own 11.52% 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.