Grafton Group’s (GFTU) Buy Rating Reaffirmed at Deutsche Bank Aktiengesellschaft

Grafton Group (LON:GFTU)‘s stock had its “buy” rating restated by analysts at Deutsche Bank Aktiengesellschaft in a report released on Monday,Digital Look reports. They presently have a GBX 1,275 price target on the stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 58.62% from the company’s current price.

A number of other equities research analysts have also weighed in on GFTU. Berenberg Bank cut their price objective on Grafton Group from GBX 1,100 to GBX 1,000 and set a “buy” rating on the stock in a research report on Monday. Stifel Nicolaus restated a “buy” rating and set a GBX 1,175 target price on shares of Grafton Group in a report on Thursday, March 19th. Six research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the stock has an average rating of “Buy” and an average target price of GBX 1,153.33.

Grafton Group Stock Down 0.6%

LON GFTU opened at GBX 803.80 on Monday. Grafton Group has a 1 year low of GBX 788.60 and a 1 year high of GBX 1,035.60. The stock has a market capitalization of £1.86 billion, a PE ratio of 8.78, a PEG ratio of 1.58 and a beta of 1.08. The company has a debt-to-equity ratio of 37.55, a current ratio of 2.11 and a quick ratio of 1.56. The business’s 50-day moving average is GBX 900.93 and its 200 day moving average is GBX 927.61.

Grafton Group declared that its Board of Directors has initiated a stock repurchase program on Thursday, March 5th that permits the company to repurchase 0 shares. This repurchase authorization permits the company to buy shares of its stock through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its shares are undervalued.

Insider Activity at Grafton Group

In other news, insider Eric Born purchased 1,182 shares of the company’s stock in a transaction that occurred on Wednesday, April 8th. The shares were bought at an average cost of GBX 915 per share, for a total transaction of £10,815.30. 9.33% of the stock is currently owned by insiders.

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.