Peel Hunt Reaffirms Hold Rating for Grafton Group (LON:GFTU)

Peel Hunt reiterated their hold rating on shares of Grafton Group (LON:GFTU) in a research report report published on Monday, Stock Target Advisor reports.

Several other analysts have also recently weighed in on the stock. Berenberg Bank reduced their target price on shares of Grafton Group from GBX 970 ($12.76) to GBX 940 ($12.37) and set a buy rating on the stock in a report on Monday, November 25th. Peel Hunt cut shares of Grafton Group to a hold rating and reduced their target price for the company from GBX 860 ($11.31) to GBX 800 ($10.52) in a report on Thursday, October 17th. Liberum Capital reaffirmed a hold rating on shares of Grafton Group in a report on Thursday, October 17th. Finally, Canaccord Genuity raised their target price on shares of Grafton Group from GBX 845 ($11.12) to GBX 850 ($11.18) and gave the company a buy rating in a report on Wednesday, October 2nd. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of GBX 850.83 ($11.19).

Shares of LON:GFTU opened at GBX 907.93 ($11.94) on Monday. The firm’s 50 day moving average price is GBX 865.36 and its 200 day moving average price is GBX 790.58. The stock has a market cap of $2.04 billion and a price-to-earnings ratio of 17.20. Grafton Group has a fifty-two week low of GBX 643.50 ($8.46) and a fifty-two week high of GBX 948 ($12.47). The company has a quick ratio of 1.10, a current ratio of 1.61 and a debt-to-equity ratio of 68.48.

In other news, insider David Arnold bought 2,768 shares of Grafton Group stock in a transaction that occurred on Wednesday, October 30th. The shares were purchased at an average price of GBX 786 ($10.34) per share, with a total value of £21,756.48 ($28,619.42).

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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