Grafton Group (LON:GFTU) Insider Eric Born Acquires 1,182 Shares

Grafton Group plc (LON:GFTU) insider Eric Born purchased 1,182 shares of the company’s stock in a transaction on Wednesday, April 8th. The shares were purchased at an average price of GBX 915 per share, for a total transaction of £10,815.30.

Grafton Group Stock Down 0.1%

Grafton Group stock opened at GBX 918.20 on Friday. 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 business’s 50-day simple moving average is GBX 935.37 and its two-hundred day simple moving average is GBX 932.21. The company has a market cap of £2.13 billion, a PE ratio of 10.03, a PEG ratio of 1.58 and a beta of 1.16. Grafton Group plc has a fifty-two week low of GBX 825.10 and a fifty-two week high of GBX 1,035.60.

Grafton Group announced that its Board of Directors has approved a stock repurchase plan on Thursday, March 5th that allows the company to buyback 0 shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is undervalued.

Analyst Ratings Changes

Several brokerages have commented on GFTU. Stifel Nicolaus restated a “buy” rating and set a GBX 1,175 price objective on shares of Grafton Group in a research note on Thursday, March 19th. Citigroup decreased their price objective on shares of Grafton Group from GBX 1,170 to GBX 1,150 and set a “buy” rating for the company in a research note on Wednesday, January 14th. Five analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus target price of GBX 1,149.

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.