Royal Bank of Canada reaffirmed their outperform rating on shares of Grafton Group (LON:GFTU – Free Report) in a research note published on Friday morning, MarketBeat Ratings reports. The firm currently has a GBX 1,140 ($14.32) price objective on the stock.
Other equities research analysts have also issued research reports about the stock. Berenberg Bank boosted their price objective 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 research note on Thursday, March 7th. Numis Securities restated a buy rating and set a GBX 1,200 ($15.07) price target on shares of Grafton Group in a report on Thursday, March 7th.
View Our Latest Stock Report on GFTU
Grafton Group Trading Up 0.8 %
Grafton Group Increases Dividend
The business also recently declared 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 a positive change from Grafton Group’s previous dividend of $10.00. This represents a dividend yield of 2.7%. Grafton Group’s payout ratio is currently 4,285.71%.
Insider Buying and Selling at Grafton Group
In related news, insider David Arnold sold 11,667 shares of the firm’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 value of £113,986.59 ($143,181.25). In related news, insider David Arnold sold 11,667 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The stock was 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 purchased 3,030 shares of the company’s stock in a transaction on Tuesday, April 2nd. The stock was purchased at an average price of GBX 1,027 ($12.90) per share, with a total value of £31,118.10 ($39,088.18). Company insiders own 11.38% of the company’s stock.
About Grafton Group
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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