Grafton Group (GFTU) Hits New 12-Month Low at $649.50

Grafton Group plc (LON:GFTU)’s share price hit a new 52-week low on Monday . The company traded as low as GBX 649.50 ($8.49) and last traded at GBX 649.50 ($8.49), with a volume of 305626 shares traded. The stock had previously closed at GBX 680 ($8.89).

A number of equities analysts have weighed in on the company. Barclays reissued an “overweight” rating on shares of Grafton Group in a research report on Wednesday, November 14th. Berenberg Bank boosted their target price on Grafton Group from GBX 950 ($12.41) to GBX 960 ($12.54) and gave the stock a “buy” rating in a research report on Wednesday, November 14th. Liberum Capital decreased their target price on Grafton Group from GBX 800 ($10.45) to GBX 770 ($10.06) and set a “hold” rating for the company in a research report on Tuesday, November 13th. Peel Hunt reissued a “hold” rating on shares of Grafton Group in a research report on Tuesday, November 13th. Finally, Canaccord Genuity reissued a “hold” rating and issued a GBX 875 ($11.43) target price on shares of Grafton Group in a research report on Monday, September 3rd. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Grafton Group has an average rating of “Hold” and an average target price of GBX 850.83 ($11.12).

In other Grafton Group news, insider Michael J. Roney purchased 10,903 shares of Grafton Group stock in a transaction dated Thursday, October 11th. The stock was purchased at an average price of GBX 690 ($9.02) per share, with a total value of £75,230.70 ($98,302.23). Also, insider Susan Murray purchased 1,500 shares of Grafton Group stock in a transaction dated Tuesday, October 30th. The shares were acquired at an average cost of GBX 707 ($9.24) per share, with a total value of £10,605 ($13,857.31).

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About Grafton Group (LON:GFTU)

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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