Grafton Group (GROUF) Downgraded by Zacks Investment Research to “Hold”

Zacks Investment Research lowered shares of Grafton Group (OTCMKTS:GROUF) from a buy rating to a hold rating in a research report report published on Monday.

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. “

Shares of OTCMKTS:GROUF opened at $10.30 on Monday. Grafton Group has a 12-month low of $10.40 and a 12-month 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.

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