Numis Securities Ltd Lowers GRAFTON GROUP PLC UT (1 ORD, 1 C to Add (GFTU)
GRAFTON GROUP PLC UT (1 ORD, 1 C (LON:GFTU) was downgraded by stock analysts at Numis Securities Ltd to an “add” rating in a report issued on Wednesday. They currently have a GBX 750 ($12.41) target price on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 18.30% from the stock’s previous close.
GRAFTON GROUP PLC UT (LON:GFTU) opened at 642.00 on Wednesday. GRAFTON GROUP PLC UT has a 52-week low of GBX 527.00 and a 52-week high of GBX 714.90. The stock has a 50-day moving average of GBX 586.7 and a 200-day moving average of GBX 606.4. The company’s market cap is £1.492 billion.
Other equities research analysts have also recently issued reports about the stock. Analysts at Investec reiterated a “buy” rating on shares of GRAFTON GROUP PLC UT (1 ORD, 1 C in a research note on Thursday, August 14th. They now have a GBX 710 ($11.75) price target on the stock. Separately, analysts at Peel Hunt reiterated a “hold” rating on shares of GRAFTON GROUP PLC UT (1 ORD, 1 C in a research note on Thursday, July 10th. They now have a GBX 620 ($10.26) price target on the stock. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price 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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