Grafton Group (LON:GFTU) Downgraded by Peel Hunt to “Hold”

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Peel Hunt downgraded shares of Grafton Group (LON:GFTU) to a hold rating in a research note issued to investors on Thursday morning, LSE.Co.UK reports. They currently have GBX 800 ($10.45) price target on the stock, down from their prior price target of GBX 860 ($11.24).

Other analysts also recently issued reports about the stock. Canaccord Genuity boosted their target price on shares of Grafton Group from GBX 845 ($11.04) to GBX 850 ($11.11) and gave the company a buy rating in a research note on Wednesday, October 2nd. Liberum Capital reissued a hold rating on shares of Grafton Group in a research note on Thursday. Berenberg Bank reissued a buy rating and set a GBX 970 ($12.67) target price on shares of Grafton Group in a research note on Thursday, September 5th. Finally, Peel Hunt cut their target price on shares of Grafton Group from GBX 860 ($11.24) to GBX 800 ($10.45) and set a hold rating on the stock in a research note on Thursday. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Grafton Group has a consensus rating of Hold and an average price target of GBX 855.83 ($11.18).

LON:GFTU traded up GBX 41 ($0.54) during trading hours on Thursday, hitting GBX 822.50 ($10.75). 539,249 shares of the stock traded hands, compared to its average volume of 524,986. The firm has a 50 day moving average price of GBX 753.26 and a 200 day moving average price of GBX 805.60. The company has a current ratio of 1.61, a quick ratio of 1.10 and a debt-to-equity ratio of 68.48. Grafton Group has a fifty-two week low of GBX 626.50 ($8.19) and a fifty-two week high of GBX 938.50 ($12.26). The firm has a market cap of $1.95 billion and a price-to-earnings ratio of 15.58.

The business also recently declared a dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, September 26th were paid a GBX 6.50 ($0.08) dividend. This represents a dividend yield of 0.86%. The ex-dividend date was Thursday, September 26th. Grafton Group’s dividend payout ratio (DPR) is presently 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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Analyst Recommendations for Grafton Group (LON:GFTU)

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