Liberum Capital reaffirmed their hold rating on shares of Grafton Group (LON:GFTU) in a report issued on Tuesday morning, ThisIsMoney.Co.Uk reports.
Several other brokerages also recently issued reports on GFTU. Peel Hunt downgraded Grafton Group to a hold rating and lowered their price target for the stock from GBX 860 ($11.31) to GBX 800 ($10.52) in a report on Thursday, October 17th. Berenberg Bank lowered their price target on Grafton Group from GBX 970 ($12.76) to GBX 940 ($12.37) and set a buy rating for the company in a report on Monday, November 25th. Canaccord Genuity increased their price target on Grafton Group from GBX 845 ($11.12) to GBX 850 ($11.18) and gave the stock a buy rating in a report on Wednesday, October 2nd. Finally, Peel Hunt restated a hold rating on shares of Grafton Group in a report on Monday, January 13th. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of GBX 870.83 ($11.46).
Shares of Grafton Group stock opened at GBX 891 ($11.72) on Tuesday. Grafton Group has a 1 year low of GBX 643.50 ($8.46) and a 1 year high of GBX 948 ($12.47). The business has a 50-day moving average of GBX 875.53 and a two-hundred day moving average of GBX 794.49. The company has a market capitalization of $2.12 billion and a P/E ratio of 16.88. The company has a debt-to-equity ratio of 68.48, a current ratio of 1.61 and a quick ratio of 1.10.
In other news, insider David Arnold acquired 2,768 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired at an average cost of GBX 786 ($10.34) per share, for a total transaction of £21,756.48 ($28,619.42).
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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