Peel Hunt upgraded shares of Grafton Group (LON:GFTU) to an add rating in a research report released on Friday, August 30th, ThisIsMoney.Co.Uk reports.
GFTU has been the subject of a number of other reports. Liberum Capital reaffirmed a hold rating on shares of Grafton Group in a research report on Friday, August 30th. Canaccord Genuity decreased their price objective on Grafton Group from GBX 900 ($11.76) to GBX 895 ($11.69) and set a buy rating for the company in a report on Wednesday, July 3rd. Finally, Berenberg Bank restated a buy rating and issued a GBX 970 ($12.67) target price on shares of Grafton Group in a research note on Tuesday, August 13th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock currently 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.
The company also recently disclosed a dividend, which will be paid on Friday, October 11th. Investors of record on Thursday, September 26th will be paid a GBX 6.50 ($0.08) dividend. The ex-dividend date is Thursday, September 26th. This represents a yield of 0.86%. Grafton Group’s payout ratio is 0.34%.
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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