Grafton Group (LON:GFTU) Reaches New 12-Month High – What’s Next?

Grafton Group plc (LON:GFTU)’s share price hit a new 52-week high during mid-day trading on Thursday. The company traded as high as GBX 1,069.20 and last traded at GBX 1,062, with a volume of 410,635 shares traded. The stock had previously closed at GBX 1,041.20.

Analyst Ratings Changes

A number of research firms have recently weighed in on GFTU. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 1,315 price target on shares of Grafton Group in a research note on Friday, September 4th. Peel Hunt restated a “buy” rating and set a GBX 1,160 price objective on shares of Grafton Group in a research note on Monday, July 13th. Five analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average target price of GBX 3,160.

Grafton Group Stock Down 1.5%

The stock has a fifty day moving average of GBX 980.59 and a 200 day moving average of GBX 937.21. The company has a debt-to-equity ratio of 43.55, a current ratio of 1.83 and a quick ratio of 1.56. The firm has a market capitalization of £1.93 billion, a P/E ratio of 15.22, a price-to-earnings-growth ratio of 1.58 and a beta of 1.07.

Insider Buying and Selling

In other Grafton Group news, insider David Arnold sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of GBX 953, for a total transaction of £95,300. Company insiders own 11.52% of the company’s stock.

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.