GRAFTON GROUP UT(1 (NASDAQ:GROUF) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued on Saturday.

According to Zacks, “Grafton Group plc manufactures and retails building supplies. The Company operates the Plumbase, Buildbase, Jackson, MacNaughton Blair, Chadwicks and Woodies retail chains as well as produces dry mortar. It operates primarily in Britain, Ireland, the Netherlands and Belgium. Grafton Group plc is headquartered in Dublin, Ireland. “

Shares of GRAFTON GROUP U (NASDAQ GROUF) opened at 10.00 on Friday. GRAFTON GROUP U has a 12-month low of $6.87 and a 12-month high of $10.65. The firm has a market cap of $2.36 billion and a P/E ratio of 19.72. The company has a 50-day moving average of $9.86 and a 200 day moving average of $8.79.

COPYRIGHT VIOLATION WARNING: “GRAFTON GROUP UT(1 (GROUF) Rating Lowered to Hold at Zacks Investment Research” was first published by American Banking News and is the property of of American Banking News. If you are accessing this article on another site, it was illegally stolen and reposted in violation of United States and international copyright & trademark legislation. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/09/09/grafton-group-ut1-grouf-rating-lowered-to-hold-at-zacks-investment-research.html.

Get a free copy of the Zacks research report on GRAFTON GROUP UT(1 (GROUF)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for GRAFTON GROUP UT(1 Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for GRAFTON GROUP UT(1 and related companies with MarketBeat.com's FREE daily email newsletter.