Grafton Group

Forecast update

  • Sectors : Builders Merchants
  • Companies : Grafton Group

Ratings and price correct at time of issue.

  • Grafton Group

    Closing Price: 807p

  • RATING 07/10/20

  • PREVIOUS RATING 21/05/20



We are lowering our Grafton forecasts for 2024. It is likely the operating environment will remain challenging next year, although we regard this as a cyclical dip with the scope for a sharp rebound once market conditions start to recover. Importantly, Grafton’s fortress balance sheet and ongoing share buyback remain very much in place. Moreover, even on the new numbers, the group’s valuation is not stretched. Our revised price target is 1150p.

Download full report with analyst certification and important disclosures

Nov 20 2023, 07:05 GMT