Zacks Investment Research Upgrades Grafton Group (GROUF) to “Buy”

Zacks Investment Research upgraded shares of Grafton Group (OTCMKTS:GROUF) from a hold rating to a buy rating in a report issued on Wednesday. The firm currently has $11.00 price objective 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. “

Separately, ValuEngine downgraded Grafton Group from a hold rating to a sell rating in a research note on Tuesday, October 2nd.

Shares of Grafton Group stock opened at $9.97 on Wednesday. Grafton Group has a 12-month low of $10.40 and a 12-month high of $11.20.

Grafton Group Company Profile

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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