Grafton Group (GROUF) Rating Increased to Buy at Zacks Investment Research

Grafton Group (OTCMKTS:GROUF) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Wednesday. The firm currently has a $11.00 price objective on the stock. Zacks Investment Research‘s price objective indicates a potential upside of 10.33% from the stock’s previous close.

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, ValuEngine downgraded shares of Grafton Group from a “hold” rating to a “sell” rating in a research note on Tuesday, October 2nd.

Shares of OTCMKTS:GROUF opened at $9.97 on Wednesday. Grafton Group has a 52-week low of $10.40 and a 52-week high of $11.20.

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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