Grafton Group (LON:GFTU) Price Target Raised to GBX 1,500 at Berenberg Bank

Grafton Group (LON:GFTU) had its price objective hoisted by Berenberg Bank from GBX 1,470 ($19.21) to GBX 1,500 ($19.60) in a note issued to investors on Tuesday, Digital Look reports. The brokerage presently has a “buy” rating on the stock. Berenberg Bank’s price objective indicates a potential upside of 23.56% from the company’s current price.

A number of other analysts have also issued reports on GFTU. Peel Hunt reaffirmed a “buy” rating and issued a GBX 1,340 ($17.51) target price on shares of Grafton Group in a report on Tuesday, June 22nd. Canaccord Genuity reissued a “hold” rating and set a GBX 1,235 ($16.14) price objective on shares of Grafton Group in a report on Tuesday, June 22nd. Peel Hunt reissued a “buy” rating and set a GBX 1,340 ($17.51) price objective on shares of Grafton Group in a report on Tuesday, June 22nd. Finally, Liberum Capital reissued a “buy” rating on shares of Grafton Group in a report on Tuesday, June 22nd. One research analyst has rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Grafton Group has a consensus rating of “Buy” and a consensus target price of GBX 1,155.63 ($15.10).

Shares of GFTU stock traded up GBX 16 ($0.21) during trading on Tuesday, reaching GBX 1,214 ($15.86). The company had a trading volume of 416,773 shares, compared to its average volume of 580,967. The stock has a 50 day moving average price of GBX 1,184.49. The company has a quick ratio of 1.25, a current ratio of 1.79 and a debt-to-equity ratio of 55.28. Grafton Group has a one year low of GBX 627 ($8.19) and a one year high of GBX 1,317 ($17.21). The firm has a market cap of £2.92 billion and a P/E ratio of 26.92.

In other Grafton Group news, insider Gavin Slark sold 22,328 shares of Grafton Group stock in a transaction on Friday, May 7th. The stock was sold at an average price of GBX 1,246 ($16.28), for a total value of £278,206.88 ($363,479.07). Also, insider David Arnold sold 2,500 shares of Grafton Group stock in a transaction on Tuesday, May 4th. The shares were sold at an average price of GBX 1,195 ($15.61), for a total value of £29,875 ($39,031.88). Insiders have sold a total of 204,828 shares of company stock valued at $246,448,188 in the last 90 days.

About Grafton Group

Grafton Group plc engages in the distribution, retailing, and manufacturing businesses in Ireland, the Netherlands, and the United Kingdom. Its Distribution 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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