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

Grafton Group (LON:GFTU)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a report issued on Monday,Digital Look reports. They currently have a GBX 1,100 ($14.24) price objective on the stock. Berenberg Bank’s price target indicates a potential upside of 27.89% from the stock’s current price.

Grafton Group Price Performance

LON:GFTU traded down GBX 0.20 ($0.00) on Monday, hitting GBX 860.10 ($11.14). The company had a trading volume of 508,535 shares, compared to its average volume of 1,183,565. Grafton Group has a 52 week low of GBX 791.50 ($10.25) and a 52 week high of GBX 1,097 ($14.20). The stock has a market capitalization of £1.69 billion, a price-to-earnings ratio of 13.19, a PEG ratio of 1.58 and a beta of 1.60. The company has a current ratio of 2.21, a quick ratio of 1.56 and a debt-to-equity ratio of 37.66. The firm has a 50 day moving average of GBX 892.72 and a two-hundred day moving average of GBX 966.91.

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.