Grafton Group plc (LON:GFTU) Given Consensus Rating of “Hold” by Brokerages

Grafton Group plc (LON:GFTU) has earned a consensus recommendation of “Hold” from the seven research firms that are presently covering the firm, reports. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is GBX 854 ($11.16).

GFTU has been the subject of a number of analyst reports. Peel Hunt downgraded Grafton Group to a “hold” rating and lowered their price objective for the stock from GBX 860 ($11.24) to GBX 800 ($10.45) in a research report on Thursday. Peel Hunt lowered their price objective on Grafton Group from GBX 860 ($11.24) to GBX 800 ($10.45) and set a “hold” rating for the company in a research report on Thursday. Berenberg Bank restated a “buy” rating and set a GBX 970 ($12.67) price objective on shares of Grafton Group in a research report on Thursday, September 5th. Liberum Capital restated a “hold” rating on shares of Grafton Group in a research report on Thursday. Finally, Canaccord Genuity raised their price objective on Grafton Group from GBX 845 ($11.04) to GBX 850 ($11.11) and gave the stock a “buy” rating in a research report on Wednesday, October 2nd.

Shares of GFTU traded up GBX 41 ($0.54) during mid-day trading on Friday, reaching GBX 822.50 ($10.75). 651,220 shares of the company were exchanged, compared to its average volume of 524,986. Grafton Group has a 52 week low of GBX 626.50 ($8.19) and a 52 week high of GBX 938.50 ($12.26). The company has a debt-to-equity ratio of 68.48, a quick ratio of 1.10 and a current ratio of 1.61. The stock has a market capitalization of $1.96 billion and a PE ratio of 15.58. The business has a 50 day simple moving average of GBX 755.37 and a two-hundred day simple moving average of GBX 805.74.

The firm also recently announced a dividend, which was paid on Friday, October 11th. Investors of record on Thursday, September 26th were paid a dividend of GBX 6.50 ($0.08) per share. The ex-dividend date was Thursday, September 26th. This represents a yield of 0.86%. Grafton Group’s dividend payout ratio is currently 0.34%.

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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Analyst Recommendations for Grafton Group (LON:GFTU)

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