Grafton Group plc (GFTU) Receives Average Recommendation of “Buy” from Analysts

Grafton Group plc (LON:GFTU) has received an average recommendation of “Buy” from the six research firms that are presently covering the stock, reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among brokerages that have updated their coverage on the stock in the last year is GBX 905 ($11.83).

A number of equities analysts have issued reports on the company. Liberum Capital reiterated a “hold” rating on shares of Grafton Group in a research report on Tuesday, April 2nd. Numis Securities downgraded Grafton Group to an “add” rating and set a GBX 850 ($11.11) target price on the stock. in a research report on Thursday, February 28th. Peel Hunt restated a “hold” rating and issued a GBX 860 ($11.24) target price on shares of Grafton Group in a research report on Monday, May 6th. Canaccord Genuity restated a “buy” rating and issued a GBX 810 ($10.58) target price on shares of Grafton Group in a research report on Thursday, February 28th. Finally, Berenberg Bank raised their target price on Grafton Group from GBX 950 ($12.41) to GBX 1,010 ($13.20) and gave the company a “buy” rating in a research report on Monday, April 15th.

Grafton Group stock traded up GBX 10 ($0.13) during midday trading on Thursday, hitting GBX 937 ($12.24). 294,874 shares of the company were exchanged, compared to its average volume of 524,986. The firm has a market cap of $2.20 billion and a price-to-earnings ratio of 14.85. Grafton Group has a fifty-two week low of GBX 626.50 ($8.19) and a fifty-two week high of GBX 908.50 ($11.87). The company has a quick ratio of 1.03, a current ratio of 1.59 and a debt-to-equity ratio of 21.29.

In other news, insider Gavin Slark sold 41,421 shares of Grafton Group stock in a transaction on Friday, May 10th. The stock was sold at an average price of GBX 905 ($11.83), for a total value of £374,860.05 ($489,821.05).

Grafton Group Company Profile

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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Analyst Recommendations for Grafton Group (LON:GFTU)

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