Grafton Group (GFTU) Price Target Raised to GBX 1,010 at Berenberg Bank

Grafton Group (LON:GFTU) had its price objective hoisted by analysts at Berenberg Bank from GBX 950 ($12.41) to GBX 1,010 ($13.20) in a research note issued to investors on Monday, Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price would indicate a potential upside of 12.79% from the stock’s previous close.

A number of other research analysts have also recently commented on GFTU. Peel Hunt upped their price objective on Grafton Group from GBX 825 ($10.78) to GBX 860 ($11.24) and gave the company a “hold” rating in a report on Thursday, April 11th. Numis Securities cut Grafton Group to an “add” rating and set a GBX 850 ($11.11) price target on the stock. in a research note on Thursday, February 28th. Liberum Capital restated a “hold” rating and set a GBX 740 ($9.67) price target on shares of Grafton Group in a research note on Thursday, February 28th. Finally, Canaccord Genuity restated a “buy” rating and set a GBX 810 ($10.58) price target on shares of Grafton Group in a research note on Thursday, February 28th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 854 ($11.16).

GFTU opened at GBX 895.50 ($11.70) on Monday. Grafton Group has a one year low of GBX 626.50 ($8.19) and a one year high of GBX 859 ($11.22). The company has a market capitalization of $2.15 billion and a P/E ratio of 14.19. The company has a debt-to-equity ratio of 21.29, a quick ratio of 1.03 and a current ratio of 1.59.

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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