Grafton Group (LON:GFTU) Price Target Raised to GBX 1,100

Grafton Group (LON:GFTU) had its price target increased by Berenberg Bank from GBX 1,000 ($12.69) to GBX 1,100 ($13.96) in a report released on Thursday, MarketBeat.com reports. They currently have a buy rating on the stock.

Separately, Numis Securities reaffirmed a buy rating and set a GBX 1,200 ($15.23) price target on shares of Grafton Group in a research note on Thursday.

Grafton Group Stock Up 1.5 %

GFTU stock traded up GBX 14.50 ($0.18) during trading on Thursday, reaching GBX 983.40 ($12.48). 173,967 shares of the stock were exchanged, compared to its average volume of 420,099. The firm’s 50 day moving average is GBX 947.55 and its 200 day moving average is GBX 880.64. Grafton Group has a twelve month low of GBX 737.20 ($9.36) and a twelve month high of GBX 1,000 ($12.69). The company has a current ratio of 2.36, a quick ratio of 1.56 and a debt-to-equity ratio of 37.98. The firm has a market cap of £1.99 billion, a P/E ratio of 1,171.90, a price-to-earnings-growth ratio of 1.58 and a beta of 1.52.

Grafton Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 9th. Stockholders of record on Thursday, April 11th will be paid a GBX 26 ($0.33) dividend. The ex-dividend date of this dividend is Thursday, April 11th. This is an increase from Grafton Group’s previous dividend of $10.00. This represents a dividend yield of 2.7%. Grafton Group’s dividend payout ratio is 4,047.62%.

Grafton Group Company Profile

Grafton Group plc engages in the distribution, retailing, and manufacturing businesses in Ireland, the Netherlands, Finland, 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.