Grafton Group (LON:GFTU) Receives Buy Rating from Berenberg Bank

Berenberg Bank reaffirmed their buy rating on shares of Grafton Group (LON:GFTU) in a research note published on Tuesday morning, Digital Look reports. They currently have a GBX 970 ($12.67) price objective on the stock.

Several other equities research analysts have also recently issued reports on GFTU. Canaccord Genuity decreased their price objective on shares of Grafton Group from GBX 900 ($11.76) to GBX 895 ($11.69) and set a buy rating for the company in a research report on Wednesday, July 3rd. Liberum Capital reaffirmed a hold rating on shares of Grafton Group in a research report on Wednesday, July 10th. Finally, Peel Hunt reaffirmed a hold rating on shares of Grafton Group in a research report on Monday, July 8th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company currently has an average rating of Buy and a consensus price target of GBX 888 ($11.60).

Shares of Grafton Group stock traded down GBX 25.50 ($0.33) during trading on Tuesday, hitting GBX 670 ($8.75). 300,776 shares of the stock were exchanged, compared to its average volume of 524,986. The company has a market cap of $1.59 billion and a PE ratio of 10.62. The business’s 50-day simple moving average is GBX 755.80. Grafton Group has a 12-month low of GBX 626.50 ($8.19) and a 12-month high of GBX 938.50 ($12.26). The company has a current ratio of 1.59, a quick ratio of 1.03 and a debt-to-equity ratio of 21.29.

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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