Grafton Group (LON:GFTU) Given “Buy” Rating at Stifel Nicolaus

Stifel Nicolaus reiterated their buy rating on shares of Grafton Group (LON:GFTU) in a report published on Thursday morning, Marketbeat reports. They currently have a GBX 1,175 target price on the stock.

Separately, Citigroup lowered their price target on shares of 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. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of GBX 1,149.

Grafton Group Trading Up 1.8%

LON:GFTU opened at GBX 927.50 on Thursday. Grafton Group has a 1 year low of GBX 790.90 and a 1 year 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. The stock has a fifty day moving average price of GBX 944.19 and a two-hundred day moving average price of GBX 929.35. The stock has a market capitalization of £2.15 billion, a price-to-earnings ratio of 10.13, a PEG ratio of 1.58 and a beta of 1.20.

Grafton Group announced that its board has authorized a stock buyback plan on Thursday, March 5th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

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.