Shares of Grafton Group plc (LON:GFTU) have been assigned a consensus recommendation of “Hold” from the six brokerages that are covering the firm, Marketbeat reports. Four research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is GBX 890 ($11.71).
A number of equities research analysts have issued reports on the stock. Canaccord Genuity lifted 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 research note on Wednesday, October 2nd. Berenberg Bank decreased their target price on shares of Grafton Group to GBX 1,060 ($13.94) and set a “buy” rating for the company in a research note on Friday. Liberum Capital reissued a “hold” rating on shares of Grafton Group in a research note on Tuesday. Peel Hunt lowered shares of Grafton Group to a “hold” rating and decreased their target price for the company from GBX 860 ($11.31) to GBX 800 ($10.52) in a research note on Thursday, October 17th. Finally, Peel Hunt reissued a “hold” rating on shares of Grafton Group in a research note on Tuesday.
In other Grafton Group news, insider David Arnold acquired 2,768 shares of Grafton Group stock in a transaction that occurred on Wednesday, October 30th. The stock was acquired 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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