Key Points
- Insider purchase: Eric Born bought 1,182 shares on April 8 at an average price of GBX 915 per share, totaling £10,815.30.
- Stock repurchase plan: The board authorized a buyback program on March 5 that allows open-market repurchases, a signal the board may view the shares as undervalued.
- Analyst consensus: Five analysts rate the stock a "Buy" with a consensus target price of GBX 1,149.
Grafton Group plc (LON:GFTU - Get Free Report) insider Eric Born bought 1,182 shares of the business's stock in a transaction dated Wednesday, April 8th. The shares were purchased at an average cost of GBX 915 per share, with a total value of £10,815.30.
Grafton Group Price Performance
LON:GFTU opened at GBX 918.20 on Friday. 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 firm has a market cap of £2.13 billion, a price-to-earnings ratio of 10.03, a price-to-earnings-growth ratio of 1.58 and a beta of 1.16. The company has a 50 day moving average price of GBX 935.37 and a 200-day moving average price of GBX 932.21. Grafton Group plc has a 1-year low of GBX 825.10 and a 1-year high of GBX 1,035.60.
Grafton Group declared that its board has authorized a stock repurchase plan on Thursday, March 5th that permits the company to buyback 0 shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its shares are undervalued.
Analyst Ratings Changes
Several equities analysts have recently weighed in on the stock. Citigroup cut their target price on shares of Grafton Group from GBX 1,170 to GBX 1,150 and set a "buy" rating for the company in a report on Wednesday, January 14th. Stifel Nicolaus reaffirmed a "buy" rating and set a GBX 1,175 target price on shares of Grafton Group in a report on Thursday, March 19th. Five equities research analysts have rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of GBX 1,149.
Check Out Our Latest Stock Report on GFTU
Grafton Group Company Profile
(
Get Free Report)
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.
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