Grafton Group (GROUF) Lifted to “Buy” at Zacks Investment Research

Zacks Investment Research upgraded shares of Grafton Group (OTCMKTS:GROUF) from a hold rating to a buy rating in a research note released on Wednesday. The brokerage currently has $11.00 price objective on the stock.

According to Zacks, “Grafton Group plc manufactures and retails building supplies. The Company operates the Plumbase, Buildbase, Jackson, MacNaughton Blair, Chadwicks and Woodies retail chains as well as produces dry mortar. It operates primarily in Britain, Ireland, the Netherlands and Belgium. Grafton Group plc is headquartered in Dublin, Ireland. “

Separately, ValuEngine downgraded shares of Grafton Group from a hold rating to a sell rating in a research report on Tuesday, October 2nd.

OTCMKTS GROUF opened at $9.97 on Wednesday. Grafton Group has a 1-year low of $10.40 and a 1-year high of $11.20.

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.

See Also: Return on Investment (ROI)

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