GRAFTON GROUP PLC UT (1 ORD, 1 C (GFTU) Receives Consensus Recommendation of “Buy” from Brokerages
GRAFTON GROUP PLC UT (1 ORD, 1 C (LON:GFTU) has been assigned an average recommendation of “Buy” from the nine analysts that are presently covering the firm. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is GBX 701.43 ($8.55).
A number of research analysts have recently weighed in on the stock. Goodbody reissued a “buy” rating on shares of GRAFTON GROUP PLC UT (1 ORD, 1 C in a research report on Friday, September 9th. Canaccord Genuity downgraded shares of GRAFTON GROUP PLC UT (1 ORD, 1 C to a “hold” rating and reduced their target price for the company from GBX 640 ($7.80) to GBX 595 ($7.25) in a research report on Thursday, September 1st. Jefferies Group reduced their target price on shares of GRAFTON GROUP PLC UT (1 ORD, 1 C from GBX 680 ($8.29) to GBX 640 ($7.80) and set a “buy” rating for the company in a research report on Thursday, September 1st. Peel Hunt reissued a “hold” rating and set a GBX 675 ($8.23) target price on shares of GRAFTON GROUP PLC UT (1 ORD, 1 C in a research report on Wednesday, August 31st. Finally, Numis Securities Ltd reissued a “buy” rating and set a GBX 850 ($10.36) target price on shares of GRAFTON GROUP PLC UT (1 ORD, 1 C in a research report on Wednesday, August 31st.
In other news, insider Roney,Michael J bought 3,158 shares of the stock in a transaction on Thursday, July 21st. The shares were acquired at an average cost of GBX 549 ($6.69) per share, for a total transaction of £17,337.42 ($21,130.31).
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GRAFTON GROUP PLC UT (LON:GFTU) traded down 0.29% during mid-day trading on Tuesday, hitting GBX 523.00. 722,218 shares of the company’s stock were exchanged. GRAFTON GROUP PLC UT has a 12 month low of GBX 435.00 and a 12 month high of GBX 756.50. The stock’s market cap is GBX 1.23 billion. The stock’s 50 day moving average price is GBX 533.90 and its 200-day moving average price is GBX 637.70.
The company also recently announced a dividend, which was paid on Friday, October 7th. Shareholders of record on Thursday, September 8th were paid a GBX 4.75 ($0.06) dividend. This represents a yield of 0.87%. The ex-dividend date of this dividend was Thursday, September 8th.
GRAFTON GROUP PLC UT (1 ORD, 1 C Company Profile
Grafton Group plc operates in the merchanting, do-it-yourself (DIY) retailing and mortar manufacturing markets in Britain, Ireland and Belgium. It operates in three segments: Merchanting, Retailing and Manufacturing. The Merchanting segment is engaged in the distribution of building and plumbing materials primarily to people engaged in residential repair, maintenance and improvement projects and also in residential and other new build construction from a network of 539 branches in Britain, Ireland and Belgium.
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