Grafton Group plc (GFTU) Given Average Recommendation of “Hold” by Brokerages
Shares of Grafton Group plc (LON:GFTU) have earned an average rating of “Hold” from the seven analysts that are currently covering the company, Marketbeat.com reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is GBX 885 ($11.56).
Several research analysts have recently issued reports on the company. Liberum Capital lowered their price objective on Grafton Group from GBX 830 ($10.85) to GBX 800 ($10.45) and set a “hold” rating for the company in a research note on Wednesday, October 3rd. Peel Hunt reaffirmed a “hold” rating on shares of Grafton Group in a research note on Tuesday, November 13th. Berenberg Bank upped their price objective on Grafton Group from GBX 950 ($12.41) to GBX 960 ($12.54) and gave the company a “buy” rating in a research note on Wednesday, November 14th. Barclays reaffirmed an “overweight” rating on shares of Grafton Group in a research note on Wednesday, November 14th. Finally, Canaccord Genuity raised Grafton Group to a “buy” rating and lowered their price objective for the company from GBX 875 ($11.43) to GBX 810 ($10.58) in a research note on Tuesday, January 8th.
In other news, insider Susan Murray acquired 1,500 shares of the stock in a transaction dated Tuesday, October 30th. The stock was bought at an average price of GBX 707 ($9.24) per share, with a total value of £10,605 ($13,857.31).
About Grafton Group
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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