Peel Hunt reiterated their hold rating on shares of Grafton Group (LON:GFTU) in a report issued on Tuesday morning, ThisIsMoney.Co.Uk reports.
A number of other research analysts have also recently issued reports on the company. Peel Hunt cut Grafton Group to a hold rating and reduced their price objective for the company from GBX 860 ($11.31) to GBX 800 ($10.52) in a research note on Thursday, October 17th. Canaccord Genuity raised their price objective on Grafton Group from GBX 845 ($11.12) to GBX 850 ($11.18) and gave the company a buy rating in a research note on Wednesday, October 2nd. Liberum Capital reaffirmed a hold rating on shares of Grafton Group in a research note on Tuesday. Finally, Berenberg Bank reduced their price objective on Grafton Group from GBX 970 ($12.76) to GBX 940 ($12.37) and set a buy rating on the stock in a research note on Monday, November 25th. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Grafton Group presently has a consensus rating of Hold and an average target price of GBX 870.83 ($11.46).
LON GFTU opened at GBX 891 ($11.72) on Tuesday. The stock’s 50-day simple moving average is GBX 875.53 and its two-hundred day simple moving average is GBX 794.49. Grafton Group has a twelve month low of GBX 643.50 ($8.46) and a twelve month high of GBX 948 ($12.47). The company has a quick ratio of 1.10, a current ratio of 1.61 and a debt-to-equity ratio of 68.48. The company has a market capitalization of $2.12 billion and a price-to-earnings ratio of 16.88.
About Grafton Group
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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