Grafton Group (OTCMKTS:GROUF) Stock Rating Lowered by Zacks Investment Research

Zacks Investment Research downgraded shares of Grafton Group (OTCMKTS:GROUFGet Rating) from a buy rating to a hold rating in a research report report published on Tuesday morning, Zacks.com reports.

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. “

Separately, Berenberg Bank reaffirmed a buy rating and set a $1,430.00 price target on shares of Grafton Group in a research report on Friday, April 1st.

Shares of Grafton Group stock opened at $10.48 on Tuesday. Grafton Group has a 1-year low of $10.48 and a 1-year high of $18.30. The business has a 50-day moving average of $12.67 and a 200-day moving average of $14.54.

Grafton Group Company Profile (Get Rating)

Grafton Group plc engages in the distribution, retailing, and manufacturing businesses in Ireland, the Netherlands, Finland, and the United Kingdom. Its Distribution 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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