Grafton Group (LON:GFTU) Given New GBX 800 Price Target at Liberum Capital

Grafton Group (LON:GFTU) had its price objective reduced by Liberum Capital from GBX 830 ($10.85) to GBX 800 ($10.45) in a report issued on Wednesday, October 3rd. Liberum Capital currently has a hold rating on the stock.

A number of other equities analysts have also recently issued reports on GFTU. Peel Hunt reissued a hold rating on shares of Grafton Group in a report on Wednesday, July 11th. Berenberg Bank reaffirmed a buy rating and set a GBX 950 ($12.41) price target on shares of Grafton Group in a report on Wednesday, July 11th. Numis Securities reaffirmed an add rating on shares of Grafton Group in a report on Wednesday, August 22nd. Finally, Canaccord Genuity reaffirmed a hold rating and set a GBX 850 ($11.11) price target on shares of Grafton Group in a report on Wednesday, August 22nd. Five research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Grafton Group has an average rating of Hold and an average price target of GBX 855.83 ($11.18).

LON:GFTU opened at GBX 695 ($9.08) on Wednesday. Grafton Group has a one year low of GBX 641.77 ($8.39) and a one year high of GBX 851 ($11.12).

The company also recently announced a dividend, which was paid on Friday, September 28th. Investors of record on Thursday, August 30th were issued a dividend of GBX 6 ($0.08) per share. The ex-dividend date of this dividend was Thursday, August 30th. This represents a yield of 0.73%.

In other news, insider Michael J. Roney bought 10,903 shares of the company’s stock in a transaction that occurred on Thursday, October 11th. The shares were purchased at an average price of GBX 690 ($9.02) per share, with a total value of £75,230.70 ($98,302.23).

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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