Grafton Group (LON:GFTU) had its price objective lifted by Berenberg Bank from GBX 950 ($12.41) to GBX 1,010 ($13.20) in a research report report published on Monday, Digital Look reports. Berenberg Bank currently has a buy rating on the stock.
Several other research analysts have also issued reports on the company. Peel Hunt raised their target price on Grafton Group from GBX 825 ($10.78) to GBX 860 ($11.24) and gave the stock a hold rating in a research report on Thursday, April 11th. Liberum Capital reaffirmed a hold rating on shares of Grafton Group in a research report on Tuesday, April 2nd. Numis Securities lowered Grafton Group to an add rating and set a GBX 850 ($11.11) target price for the company. in a research report on Thursday, February 28th. Finally, Canaccord Genuity reaffirmed a buy rating and set a GBX 810 ($10.58) target price on shares of Grafton Group in a research report on Thursday, February 28th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Buy and an average price target of GBX 854 ($11.16).
Shares of LON:GFTU opened at GBX 885.50 ($11.57) on Monday. The firm has a market cap of $2.11 billion and a P/E ratio of 14.03. The company has a debt-to-equity ratio of 21.29, a current ratio of 1.59 and a quick ratio of 1.03. Grafton Group has a 12-month low of GBX 626.50 ($8.19) and a 12-month high of GBX 859 ($11.22).
The firm 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 is an increase from Grafton Group’s previous dividend of $6.00. This represents a yield of 1.51%. The ex-dividend date of this dividend was Thursday, March 7th. Grafton Group’s dividend payout ratio (DPR) is presently 0.29%.
Grafton Group Company Profile
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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