GWA Group Limited (ASX:GWA) shares rose about 4% to hit AU$1.99 in morning trading. Rising alongside GWA Group was renewable energy and lithium supply company Vulcan Energy Resources Ltd. (ASX:VUL).
GWA Group is a multinational supplier of building fixture and fittings for homes and offices. The company plans to host its investor market briefing presentation on September 21. The event will include a tour of GWA Group’s innovation and distribution centre.
GWA Group’s share price forecast
GWA Group shares are still down more than 20% since the start of the year. According to TipRanks’ analyst rating consensus, GWA Group stock is a Moderate Buy. The average GWA Group share price forecast of AU$2.27 implies over 17% upside potential.
GWA Group stock is seeing positive mentions on financial blogs. TipRanks data shows that financial blogger opinions are 100% Bullish on GWA, compared to a sector average of 64%.
Final thoughts
Aside from GWA Group stock offering substantial upside potential, it also offers an above-average dividend yield of more than 7%. Therefore, investors looking for capital gains and income, may find GWA Group shares worth considering.
