Grafton Group (LON:GFTU) Rating Reiterated by Berenberg Bank

Grafton Group (LON:GFTU)‘s stock had its “buy” rating reissued by research analysts at Berenberg Bank in a research note issued to investors on Tuesday, Digital Look reports. They currently have a GBX 970 ($12.67) price objective on the stock. Berenberg Bank’s target price suggests a potential upside of 44.78% from the stock’s current price.

Several other equities analysts have also recently weighed in on the company. Canaccord Genuity cut their price objective on Grafton Group from GBX 900 ($11.76) to GBX 895 ($11.69) and set a “buy” rating on the stock in a report on Wednesday, July 3rd. Liberum Capital reaffirmed a “hold” rating on shares of Grafton Group in a research report on Wednesday, July 10th. Finally, Peel Hunt reaffirmed a “hold” rating on shares of Grafton Group in a research report on Monday, July 8th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of GBX 888 ($11.60).

GFTU stock traded down GBX 25.50 ($0.33) during midday trading on Tuesday, reaching GBX 670 ($8.75). The stock had a trading volume of 287,767 shares, compared to its average volume of 524,986. The business’s fifty day moving average price is GBX 755.80. The company has a current ratio of 1.59, a quick ratio of 1.03 and a debt-to-equity ratio of 21.29. The company has a market capitalization of $1.59 billion and a price-to-earnings ratio of 10.62. Grafton Group has a twelve month low of GBX 626.50 ($8.19) and a twelve month high of GBX 938.50 ($12.26).

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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