Zacks Investment Research upgraded shares of Grafton Group (OTCMKTS:GROUF) from a hold rating to a buy rating in a research report released on Tuesday morning, Zacks.com reports. The brokerage currently has $16.00 target price 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. “
Several other research firms have also issued reports on GROUF. Canaccord Genuity lowered Grafton Group from a buy rating to a hold rating in a report on Thursday, April 29th. They noted that the move was a valuation call. Berenberg Bank reissued a buy rating on shares of Grafton Group in a report on Friday, January 29th.
Shares of OTCMKTS GROUF opened at $14.30 on Tuesday. The stock’s fifty day moving average price is $14.30 and its two-hundred day moving average price is $12.23. Grafton Group has a one year low of $4.38 and a one year high of $14.30.
About Grafton Group
Grafton Group plc engages in the distribution, retailing, and manufacturing businesses in Ireland, the Netherlands, and the United Kingdom. Its Distribution 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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