GRAFTON GROUP PLC UT (1 ORD, 1 C’s (GFTU) Hold Rating Reaffirmed at Jefferies Group LLC
Jefferies Group LLC reissued their hold rating on shares of GRAFTON GROUP PLC UT (1 ORD, 1 C (LON:GFTU) in a report issued on Wednesday. The brokerage currently has a GBX 730 ($9.02) price objective on the stock.
Several other equities analysts also recently weighed in on the stock. Peel Hunt reaffirmed a hold rating and set a GBX 620 ($7.66) price target on shares of GRAFTON GROUP PLC UT (1 ORD, 1 C in a report on Friday, January 13th. Liberum Capital lowered their price target on shares of GRAFTON GROUP PLC UT (1 ORD, 1 C from GBX 615 ($7.60) to GBX 585 ($7.22) and set a hold rating on the stock in a report on Thursday, January 12th. Canaccord Genuity reaffirmed a hold rating and set a GBX 595 ($7.35) price target on shares of GRAFTON GROUP PLC UT (1 ORD, 1 C in a report on Friday, January 13th. Finally, Numis Securities Ltd lowered their price target on shares of GRAFTON GROUP PLC UT (1 ORD, 1 C from GBX 850 ($10.50) to GBX 730 ($9.02) and set a buy rating on the stock in a report on Tuesday, March 7th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of GBX 688.33 ($8.50).
Shares of GRAFTON GROUP PLC UT (LON:GFTU) opened at 655.00 on Wednesday. The firm’s 50-day moving average is GBX 654.25 and its 200 day moving average is GBX 654.25. GRAFTON GROUP PLC UT has a 12 month low of GBX 435.00 and a 12 month high of GBX 756.50. The stock’s market cap is GBX 1.55 billion.
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The business also recently announced a dividend, which will be paid on Thursday, April 13th. Stockholders of record on Thursday, March 16th will be issued a GBX 9 ($0.11) dividend. This represents a dividend yield of 1.37%. The ex-dividend date of this dividend is Thursday, March 16th. This is an increase from GRAFTON GROUP PLC UT (1 ORD, 1 C’s previous dividend of $4.75.
In related news, insider David Arnold bought 457 shares of the stock in a transaction dated Tuesday, March 14th. The shares were purchased at an average price of GBX 656 ($8.10) per share, with a total value of £2,997.92 ($3,702.51).
GRAFTON GROUP PLC UT (1 ORD, 1 C Company Profile
Grafton Group plc operates in the merchanting, do-it-yourself (DIY) retailing and mortar manufacturing markets in Britain, Ireland and Belgium. It operates in three segments: Merchanting, Retailing and Manufacturing. The Merchanting segment is engaged in the distribution of building and plumbing materials primarily to people engaged in residential repair, maintenance and improvement projects and also in residential and other new build construction from a network of 539 branches in Britain, Ireland and Belgium.
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