Grafton Group (LON:GFTU) Stock Crosses Below 200 Day Moving Average of $958.46

Grafton Group plc (LON:GFTU) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 958.46 ($12.16) and traded as low as GBX 928.30 ($11.78). Grafton Group shares last traded at GBX 928.30 ($11.78), with a volume of 188,353 shares changing hands.

Analysts Set New Price Targets

Several research firms recently issued reports on GFTU. Royal Bank of Canada restated an “outperform” rating and issued a GBX 1,140 ($14.46) price target on shares of Grafton Group in a research note on Friday, May 3rd. Numis Securities reaffirmed a “buy” rating and issued a GBX 1,200 ($15.22) price objective on shares of Grafton Group in a report on Thursday, March 7th. Finally, Berenberg Bank lifted their price objective on Grafton Group from GBX 1,000 ($12.69) to GBX 1,100 ($13.95) and gave the company a “buy” rating in a report on Thursday, March 7th.

Grafton Group Price Performance

The business has a 50-day simple moving average of GBX 963.82 and a 200 day simple moving average of GBX 958.46. The stock has a market cap of £1.86 billion, a P/E ratio of 1,105.12, a price-to-earnings-growth ratio of 1.58 and a beta of 1.51. The company has a current ratio of 2.46, a quick ratio of 1.56 and a debt-to-equity ratio of 38.24.

Insider Buying and Selling at Grafton Group

In related news, insider Eric Born purchased 3,030 shares of Grafton Group stock in a transaction on Tuesday, April 2nd. The shares were purchased at an average price of GBX 1,027 ($13.03) per share, for a total transaction of £31,118.10 ($39,474.95). In other Grafton Group news, insider David Arnold sold 12,000 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of GBX 952 ($12.08), for a total value of £114,240 ($144,919.45). Also, insider Eric Born purchased 3,030 shares of the business’s stock in a transaction on Tuesday, April 2nd. The stock was purchased at an average price of GBX 1,027 ($13.03) per share, for a total transaction of £31,118.10 ($39,474.95). Corporate insiders own 11.38% of the company’s stock.

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.