Royal Bank of Canada restated their outperform rating on shares of Grafton Group (LON:GFTU – Free Report) in a research report sent to investors on Friday, Marketbeat reports. The firm currently has a GBX 1,140 ($14.32) price target on the stock.
A number of other equities analysts also recently commented on GFTU. Berenberg Bank boosted their target price on shares of Grafton Group from GBX 1,000 ($12.56) to GBX 1,100 ($13.82) and gave the stock a buy rating in a report on Thursday, March 7th. Numis Securities reiterated a buy rating and set a GBX 1,200 ($15.07) price objective on shares of Grafton Group in a research note on Thursday, March 7th.
Read Our Latest Research Report on GFTU
Grafton Group Trading Up 0.8 %
Grafton Group Increases Dividend
The firm also recently announced a dividend, which will be paid on Thursday, May 9th. Investors of record on Thursday, April 11th will be paid a dividend of GBX 26 ($0.33) per share. This represents a yield of 2.7%. This is an increase from Grafton Group’s previous dividend of $10.00. The ex-dividend date is Thursday, April 11th. Grafton Group’s payout ratio is 4,285.71%.
Insider Activity at Grafton Group
In other Grafton Group news, insider David Arnold sold 11,667 shares of the firm’s stock in a transaction dated Tuesday, March 19th. The stock was sold at an average price of GBX 977 ($12.27), for a total value of £113,986.59 ($143,181.25). In other Grafton Group news, insider David Arnold sold 11,667 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of GBX 977 ($12.27), for a total transaction of £113,986.59 ($143,181.25). Also, insider Eric Born bought 3,030 shares of the business’s stock in a transaction that occurred on Tuesday, April 2nd. The stock was purchased at an average cost of GBX 1,027 ($12.90) per share, for a total transaction of £31,118.10 ($39,088.18). 11.38% of the stock is currently owned by corporate insiders.
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 materials, paint, tools, ironmongery, fixings, and accessories, workwear and PPE, and spare parts; materials and plant for mechanical services, heating, plumbing, and air movement; and trade, DIY, and self-build markets with building materials, timber, doors and floors, plumbing and heating, bathrooms, and landscaping products under the Selco, Leyland SDM, Chadwicks, MacBlair, Isero, Polvo, Gunters en Meuser, TG Lynes, and IKH brands.
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