Grafton Group (LON:GFTU) Stock Price Crosses Below 200 Day Moving Average of $866.52

Grafton Group plc (LON:GFTUGet Rating) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 866.52 ($10.47) and traded as low as GBX 702.70 ($8.49). Grafton Group shares last traded at GBX 710 ($8.58), with a volume of 656,274 shares changing hands.

Analyst Ratings Changes

Several equities analysts recently issued reports on GFTU shares. Shore Capital restated a “house stock” rating on shares of Grafton Group in a research note on Wednesday, August 31st. Berenberg Bank reaffirmed a “buy” rating and set a GBX 1,050 ($12.69) price objective on shares of Grafton Group in a report on Thursday, September 15th.

Grafton Group Stock Down 1.4 %

The company has a quick ratio of 1.86, a current ratio of 2.47 and a debt-to-equity ratio of 41.04. The business has a fifty day simple moving average of GBX 768.73 and a two-hundred day simple moving average of GBX 866.52. The company has a market capitalization of £1.65 billion and a price-to-earnings ratio of 825.58.

Grafton Group Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, October 7th. Shareholders of record on Thursday, September 8th will be issued a dividend of GBX 9.25 ($0.11) per share. This represents a yield of 1.28%. The ex-dividend date is Thursday, September 8th. Grafton Group’s payout ratio is 35.47%.

Grafton Group Company Profile

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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 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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