Grafton Group (LON:GFTU) Stock Price Passes Below Two Hundred Day Moving Average – What’s Next?

Grafton Group plc (LON:GFTU) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,005.42 ($12.76) and traded as low as GBX 964.90 ($12.24). Grafton Group shares last traded at GBX 969 ($12.30), with a volume of 234,280 shares changing hands.

Analysts Set New Price Targets

Separately, Berenberg Bank increased their target price on shares of Grafton Group from GBX 1,100 ($13.96) to GBX 1,200 ($15.23) and gave the stock a “buy” rating in a research note on Thursday, August 29th.

Grafton Group Trading Up 2.1 %

The firm has a market capitalization of £1.97 billion, a price-to-earnings ratio of 1,167.47, a P/E/G ratio of 1.58 and a beta of 1.60. The company has a debt-to-equity ratio of 37.66, a quick ratio of 1.56 and a current ratio of 2.21. The company has a 50 day moving average price of GBX 1,024.75 and a two-hundred day moving average price of GBX 1,005.42.

Grafton Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 12th were given a dividend of GBX 10.50 ($0.13) per share. This represents a yield of 1%. The ex-dividend date was Thursday, September 12th. Grafton Group’s dividend payout ratio is presently 4,457.83%.

Insider Activity at Grafton Group

In related news, insider David Arnold sold 8,902 shares of the business’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of GBX 1,078 ($13.68), for a total transaction of £95,963.56 ($121,781.17). 11.45% of the stock is currently owned by corporate insiders.

Grafton Group Company Profile

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.