Grafton Group (LON:GFTU) Given “Hold” Rating at Liberum Capital

Grafton Group (LON:GFTU)‘s stock had its “hold” rating reissued by equities researchers at Liberum Capital in a research report issued to clients and investors on Friday, August 30th, ThisIsMoney.Co.Uk reports.

GFTU has been the subject of a number of other reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 970 ($12.67) target price on shares of Grafton Group in a research report on Tuesday, August 13th. Canaccord Genuity decreased their target price on 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. Finally, Peel Hunt reaffirmed a “hold” rating on shares of Grafton Group in a research report on Monday, August 19th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 888 ($11.60).

GFTU traded up GBX 13 ($0.17) during midday trading on Friday, hitting GBX 763 ($9.97). 515,032 shares of the company were exchanged, compared to its average volume of 524,986. The firm’s 50 day moving average price is GBX 718.84 and its 200-day moving average price is GBX 812.39. Grafton Group has a 1-year low of GBX 626.50 ($8.19) and a 1-year high of GBX 938.50 ($12.26). The company has a quick ratio of 1.10, a current ratio of 1.61 and a debt-to-equity ratio of 68.48. The firm has a market capitalization of $1.81 billion and a P/E ratio of 14.45.

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.

Further Reading: Growth Stocks

Analyst Recommendations for Grafton Group (LON:GFTU)

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