Grafton Group plc (LON:GFTU) Receives Average Recommendation of “Buy” from Brokerages

Grafton Group plc (LON:GFTU) has been given an average rating of “Buy” by the six analysts that are presently covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 920 ($12.02).

GFTU has been the subject of a number of research analyst reports. Peel Hunt reaffirmed a “hold” rating on shares of Grafton Group in a research report on Friday. Canaccord Genuity reaffirmed a “buy” rating and issued a GBX 900 ($11.76) target price on shares of Grafton Group in a research report on Wednesday, May 8th. Berenberg Bank lifted their target price on shares of Grafton Group from GBX 950 ($12.41) to GBX 1,010 ($13.20) and gave the stock a “buy” rating in a research report on Monday, April 15th. Liberum Capital lifted their target price on shares of Grafton Group from GBX 800 ($10.45) to GBX 865 ($11.30) and gave the stock a “hold” rating in a research report on Friday, April 26th. Finally, Numis Securities downgraded shares of Grafton Group to an “add” rating and set a GBX 850 ($11.11) target price for the company. in a research report on Thursday, February 28th.

Shares of GFTU opened at GBX 897 ($11.72) on Monday. The company has a market cap of $2.13 billion and a P/E ratio of 14.22. The company has a quick ratio of 1.03, a current ratio of 1.59 and a debt-to-equity ratio of 21.29. Grafton Group has a twelve month low of GBX 626.50 ($8.19) and a twelve month high of GBX 938.50 ($12.26).

In other Grafton Group news, insider Gavin Slark sold 41,421 shares of Grafton Group stock in a transaction that occurred on Friday, May 10th. The shares were sold at an average price of GBX 905 ($11.83), for a total value of £374,860.05 ($489,821.05).

Grafton Group Company Profile

Grafton Group plc engages in the merchanting, retailing, and mortar manufacturing businesses in Belgium, Ireland, the Netherlands, and the United Kingdom. Its Merchanting segment distributes building and plumbing materials to professional trades people engaged in residential repair, maintenance, and improvement projects, as well as in residential and other new build construction.

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Analyst Recommendations for Grafton Group (LON:GFTU)

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