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Home / Momentum / Grafton Grafton Units (GFTU.L) 31-01-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Grafton Grafton Units (GFTU.L) 31-01-20

Will shares in Grafton Grafton Units (GFTU.L) continue to rally, setting new recent highs?

 

  • Now trading at 939.5p (at time of writing), the share price performance has been very strong.
  • Will it come to an end, or is this trend your friend?
  • Could this be the ideal opportunity for momentum traders?
  • Whilst momentum has been strong, traders should remember that past performance is not necessarily an indication of the future.
  • Technical traders should be mindful of new events, which can influence price action. Check our website and news outlets for updates.
  • Shares -0% from 12-month highs; +45% from 12 month lows.

Latest News

28 Jan:  Peel Hunt reiterates its hold rating on Grafton Group (GFTU) and increased the target price to 945p (from 800p).

24 Jan:  Berenberg reiterates its buy rating on Grafton Group (GFTU) and increased the target price to 1060p (from 940p).

 

14 Jan:  Grafton, the builders merchant group, raised its profit expectations after a very good year endr, though management is ‘cautious’ about the timescale on a recovery in the UK market.

25 Nov:  Berenberg reiterates its buy rating on Grafton Group (GFTU) and reduced the target price to 940p (from 970p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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