Grafton Group

Ready to jump on the platform

  • Sectors : Builders Merchants
  • Companies : Grafton Group

Ratings and price correct at time of issue.

  • Grafton Group

    Closing Price: 994p

  • RATING 07/10/20

  • PREVIOUS RATING 21/05/20



An increasing possibility that Grafton will undertake a platform acquisition (£100-500m) this year merits an analysis of the possible effect of such a transaction. Applying Grafton’s investment criteria – we take a return on capital employed target of 13% by year three – suggests potential 2026 earnings of around 60% above the current forecast for this year. This potential, alongside the benefits from a likely cyclical upturn, cements the Grafton investment case. Our updated price target of 1200p suggests good upside from current levels.

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Mar 22 2024, 07:00 GMT