Stifel Nicolaus Reiterates “Buy” Rating for Grafton Group (LON:GFTU)

Grafton Group (LON:GFTU)‘s stock had its “buy” rating reissued by stock analysts at Stifel Nicolaus in a report released on Thursday, MarketBeat.com reports. They currently have a GBX 1,175 target price on the stock. Stifel Nicolaus’ target price would suggest a potential upside of 27.80% from the stock’s current price.

Several other analysts also recently commented on GFTU. Citigroup dropped their price objective on Grafton Group from GBX 1,170 to GBX 1,150 and set a “buy” rating on the stock in a research note on Wednesday, January 14th. Peel Hunt restated a “buy” rating and issued a GBX 1,130 price target on shares of Grafton Group in a report on Thursday, November 13th. Five investment analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average price target of GBX 1,149.

Grafton Group Trading Down 2.0%

GFTU opened at GBX 919.40 on Thursday. The firm’s fifty day moving average is GBX 951.05 and its two-hundred day moving average is GBX 928.14. The firm has a market cap of £2.13 billion, a PE ratio of 10.04, a price-to-earnings-growth ratio of 1.58 and a beta of 1.20. Grafton Group has a twelve month low of GBX 790.90 and a twelve month high of GBX 1,035.60. 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 declared that its Board of Directors has authorized a stock repurchase program 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. Shares buyback programs are often a sign that the company’s leadership believes its shares are undervalued.

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.