Investec Reiterates Buy Rating for GRAFTON GROUP PLC UT (1 ORD, 1 C (GFTU)
GRAFTON GROUP PLC UT (1 ORD, 1 C (LON:GFTU)‘s stock had its “buy” rating reiterated by investment analysts at Investec in a note issued to investors on Wednesday. They currently have a GBX 710 ($11.75) target price on the stock. Investec’s price objective points to a potential upside of 11.99% from the company’s current price.
GRAFTON GROUP PLC UT (LON:GFTU) traded up 0.79% during mid-day trading on Wednesday, hitting GBX 639.00. 1,147,096 shares of the company’s stock traded hands. GRAFTON GROUP PLC UT has a 52-week low of GBX 527.00 and a 52-week high of GBX 714.90. The stock’s 50-day moving average is GBX 586.7 and its 200-day moving average is GBX 606.4. The company’s market cap is £1.485 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Peel Hunt reiterated a “hold” rating on shares of GRAFTON GROUP PLC UT (1 ORD, 1 C in a research note on Wednesday. They now have a GBX 620 ($10.26) price target on the stock. Separately, analysts at Numis Securities Ltd downgraded shares of GRAFTON GROUP PLC UT (1 ORD, 1 C to an “add” rating in a research note on Wednesday. They now have a GBX 750 ($12.41) price target on the stock. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company’s stock. GRAFTON GROUP PLC UT (1 ORD, 1 C presently has a consensus rating of “Hold” and a consensus price target of GBX 633.13 ($10.48).
Grafton Group plc operates in the merchanting, do-it-yourself (LON:GFTU) retailing and mortar manufacturing markets in Britain, Ireland and Belgium.
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