Grafton Group (LON:GFTU) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Shares of Grafton Group plc (LON:GFTU) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 999.81 ($13.06) and traded as high as GBX 1,053 ($13.75). Grafton Group shares last traded at GBX 1,035.40 ($13.52), with a volume of 388,372 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank upped their price target on shares of Grafton Group from GBX 1,100 ($14.36) to GBX 1,200 ($15.67) and gave the stock a “buy” rating in a report on Thursday, August 29th.

Grafton Group Trading Up 1.8 %

The firm has a 50-day moving average of GBX 1,041.02 and a two-hundred day moving average of GBX 999.81. The firm has a market capitalization of £2.10 billion, a P/E ratio of 1,247.47, a P/E/G ratio of 1.58 and a beta of 1.60. The company has a current ratio of 2.21, a quick ratio of 1.56 and a debt-to-equity ratio of 37.66.

Grafton Group Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, September 12th were issued a GBX 10.50 ($0.14) dividend. The ex-dividend date was Thursday, September 12th. This represents a dividend yield of 1%. Grafton Group’s dividend payout ratio (DPR) is currently 4,457.83%.

Insider Activity at Grafton Group

In other news, insider David Arnold sold 8,902 shares of the company’s stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of GBX 1,078 ($14.08), for a total transaction of £95,963.56 ($125,311.52). 11.45% of the stock is currently owned by insiders.

About Grafton Group

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.