Grafton Group Plc with ticker (LON:GFTU) now has a potential upside of 17.5% according to Berenberg Bank.
Berenberg Bank set a target price of 950 GBX for the company, which when compared to the Grafton Group Plc share price of 809 GBX at opening today (22/11/2023) indicates a potential upside of 17.5%. Trading has ranged between 737 (52 week low) and 1,002 (52 week high) with an average of 445,399 shares exchanging hands daily. The market capitalisation at the time of writing is £1,680,578,846.
Grafton Group plc is an international distributor of building materials. Its segments include Distribution, Retailing and Manufacturing. The Distribution segment is engaged in the distribution of building and plumbing materials primarily to professional trade people engaged in residential repair, maintenance and improvement projects and also in residential and other new build construction from a network of 316 branches in the United Kingdom, Ireland, the Netherlands and Finland. The Retailing segment operates Do it yourself (DIY) and home improvement business from a network of 35 stores that supply mainly retail customers with a range of products for DIY and for the home and garden. The Manufacturing segment comprises the manufacturer of dry mortar in Great Britain operating from 10 plants, an industry manufacturer and distributor of bespoke staircases in the United Kingdom operating from one manufacturing facility and a plastics manufacturing business in Ireland.
Grafton Group Plc 17.5% potential upside indicated by Berenberg Bank
- Written by: Charlotte Edwards
Latest Company News
Grafton will brief analysts and investors on its strategy, medium-term growth ambitions and financial framework at a London event today.
Grafton says revenue rose 3.2% to £830.1m in the first four months, with acquisitions helping offset weaker trading in Great Britain.
Grafton Group plc has completed its acquisition of Cygnum Holdings Limited, expanding its exposure to Ireland’s new-build market and broadening support for customers in offsite timber frame construction.
Grafton Group has agreed to acquire Irish offsite timber frame supplier Cygnum Holdings, strengthening Chadwicks Group’s offering and expanding its exposure to Ireland’s growing modular housing market.
Grafton Group plc has announced the launch of a new share buyback programme. The initiative authorises the company to repurchase ordinary shares in the market as part of its capital allocation strategy and commitment to returning value to shareholders.
Grafton reported a 9.5% rise in adjusted operating profit to £91.0m for the half year to 30 June 2025, with gross margin up 60bps and EPS up 6.5% to 35.5p. Net cash stood at £245.8m, the interim dividend rises 2.4% to 10.75p, and a £25m share buyback will begin, with full year profit expected to be broadly in line with consensus.
