Citigroup Has Lowered Expectations for Grafton Group (LON:GFTU) Stock Price

Grafton Group (LON:GFTU) had its price objective reduced by investment analysts at Citigroup from GBX 1,170 to GBX 1,150 in a research report issued on Wednesday, MarketBeat.com reports. The firm presently has a “buy” rating on the stock. Citigroup’s price objective would indicate a potential upside of 20.96% from the stock’s previous close.

A number of other brokerages have also recently commented on GFTU. Royal Bank Of Canada cut their target price on shares of Grafton Group from GBX 1,220 to GBX 1,190 and set an “outperform” rating on the stock in a report on Friday, October 31st. Peel Hunt reissued a “buy” rating and set a GBX 1,130 price objective on shares of Grafton Group in a research report on Thursday, November 13th. Four investment analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of GBX 1,142.50.

Grafton Group Trading Up 2.4%

GFTU opened at GBX 950.70 on Wednesday. The company has a quick ratio of 1.56, a current ratio of 2.21 and a debt-to-equity ratio of 37.66. Grafton Group has a 52 week low of GBX 790.90 and a 52 week high of GBX 1,035.60. The business’s 50 day moving average is GBX 929.29 and its two-hundred day moving average is GBX 919.46. The firm has a market cap of £2.20 billion, a price-to-earnings ratio of 10.39, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60.

Insider Buying and Selling at Grafton Group

In other news, insider Eric Born sold 2,200 shares of the business’s stock in a transaction dated Tuesday, December 2nd. The shares were sold at an average price of GBX 933, for a total transaction of £20,526. 9.33% of the stock is currently owned by insiders.

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.