Shares of Grafton Group plc (LON:GFTU) have been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have updated their coverage on the stock in the last year is GBX 882.50 ($11.53).
A number of research analysts recently weighed in on GFTU shares. Numis Securities cut shares of Grafton Group to an “add” rating and set a GBX 850 ($11.11) price objective for the company. in a report on Thursday, February 28th. Berenberg Bank lowered their price target on shares of Grafton Group from GBX 960 ($12.54) to GBX 910 ($11.89) and set a “buy” rating for the company in a report on Monday, January 28th. Canaccord Genuity reiterated a “buy” rating and set a GBX 810 ($10.58) price target on shares of Grafton Group in a report on Thursday, February 28th. Peel Hunt boosted their price target on shares of Grafton Group from GBX 825 ($10.78) to GBX 860 ($11.24) and gave the stock a “hold” rating in a report on Thursday, April 11th. Finally, Liberum Capital reiterated a “hold” rating on shares of Grafton Group in a report on Tuesday, April 2nd.
Shares of GFTU stock traded up GBX 2.50 ($0.03) during trading on Friday, reaching GBX 900.50 ($11.77). The company’s stock had a trading volume of 783,156 shares, compared to its average volume of 524,986. The company has a debt-to-equity ratio of 21.29, a quick ratio of 1.03 and a current ratio of 1.59. The stock has a market capitalization of $2.14 billion and a P/E ratio of 14.27. Grafton Group has a 1-year low of GBX 626.50 ($8.19) and a 1-year high of GBX 908.50 ($11.87).
The company also recently declared a dividend, which was paid on Friday, April 5th. Shareholders of record on Thursday, March 7th were issued a dividend of GBX 12 ($0.16) per share. This represents a yield of 1.51%. The ex-dividend date was Thursday, March 7th. This is a boost from Grafton Group’s previous dividend of $6.00. Grafton Group’s payout ratio is 0.29%.
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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