Grafton Group plc (LON:GFTU – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 954.17 ($12.12) and traded as low as GBX 937.50 ($11.91). Grafton Group shares last traded at GBX 956.70 ($12.16), with a volume of 210,774 shares.
Wall Street Analyst Weigh In
Several equities research analysts have weighed in on the company. Royal Bank of Canada reissued an “outperform” rating and issued a GBX 1,140 ($14.49) price target on shares of Grafton Group in a report on Friday, May 3rd. Numis Securities reissued a “buy” rating and issued a GBX 1,200 ($15.25) price target on shares of Grafton Group in a report on Thursday, March 7th. Finally, Berenberg Bank raised their price target on Grafton Group from GBX 1,000 ($12.71) to GBX 1,100 ($13.98) and gave the stock a “buy” rating in a report on Thursday, March 7th.
Get Our Latest Stock Report on GFTU
Grafton Group Stock Performance
Insider Transactions at Grafton Group
In related news, insider David Arnold sold 12,000 shares of Grafton Group stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of GBX 952 ($12.10), for a total transaction of £114,240 ($145,158.83). In related news, insider Eric Born purchased 3,030 shares of Grafton Group stock in a transaction that occurred on Tuesday, April 2nd. The stock was bought at an average cost of GBX 1,027 ($13.05) per share, for a total transaction of £31,118.10 ($39,540.15). Also, insider David Arnold sold 12,000 shares of Grafton Group stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of GBX 952 ($12.10), for a total value of £114,240 ($145,158.83). Company 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.
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