Grafton Group

Another material forecast upgrade

  • Sectors : Builders Merchants
  • Companies : Grafton Group

Ratings and price correct at time of issue.

  • Grafton Group

    Closing Price: 780p

  • RATING 21/05/20

  • PREVIOUS RATING 15/12/15



While trading profits may still fall up to 30% this year, it would represent a far better outcome for Grafton than had been feared at one stage during Q2. The group has performed impressively in adverse circumstances and the diversity of its operating base, arguably under-appreciated, has proved a real strength. Another strength is its balance sheet which, as ever, provides capital allocation optionality.

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Aug 31 2020, 07:00 IST/BST