Brokerages Set Grafton Group plc (GFTU) Target Price at $885.00

Grafton Group plc (LON:GFTU) has been assigned a consensus recommendation of “Hold” from the seven analysts that are currently covering the stock, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is GBX 885 ($11.56).

GFTU has been the topic of several research reports. Liberum Capital reduced their price objective on Grafton Group from GBX 830 ($10.85) to GBX 800 ($10.45) and set a “hold” rating on the stock in a report on Wednesday, October 3rd. Peel Hunt reaffirmed a “hold” rating on shares of Grafton Group in a report on Tuesday, November 13th. Berenberg Bank upped their price objective on Grafton Group from GBX 950 ($12.41) to GBX 960 ($12.54) and gave the stock a “buy” rating in a report on Wednesday, November 14th. Barclays reaffirmed an “overweight” rating on shares of Grafton Group in a report on Wednesday, November 14th. Finally, Canaccord Genuity raised Grafton Group to a “buy” rating and reduced their price objective for the stock from GBX 875 ($11.43) to GBX 810 ($10.58) in a report on Tuesday, January 8th.

In other Grafton Group news, insider Susan Murray bought 1,500 shares of the company’s stock in a transaction on Tuesday, October 30th. The stock was bought at an average price of GBX 707 ($9.24) per share, for a total transaction of £10,605 ($13,857.31).

LON:GFTU opened at GBX 726.50 ($9.49) on Friday. Grafton Group has a 52-week low of GBX 641.77 ($8.39) and a 52-week high of GBX 851 ($11.12).

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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