Grafton Group (LON:GFTU) Stock Price Passes Above Two Hundred Day Moving Average of $996.15

Grafton Group plc (LON:GFTU) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 996.15 ($13.34) and traded as high as GBX 1,062.40 ($14.23). Grafton Group shares last traded at GBX 1,060.40 ($14.20), with a volume of 513,134 shares traded.

Analysts Set New Price Targets

Separately, Berenberg Bank upped their price target on Grafton Group from GBX 1,100 ($14.73) to GBX 1,200 ($16.07) and gave the stock a “buy” rating in a report on Thursday, August 29th.

Grafton Group Stock Performance

The firm’s fifty day moving average price is GBX 1,042.12 and its 200-day moving average price is GBX 996.15. The company has a market cap of £2.12 billion, a P/E ratio of 1,262.38, 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 company also recently declared a dividend, which will be paid on Friday, October 11th. Investors of record on Thursday, September 12th will be paid a dividend of GBX 10.50 ($0.14) per share. The ex-dividend date is Thursday, September 12th. This represents a yield of 1%. Grafton Group’s dividend payout ratio is 4,404.76%.

Insiders Place Their Bets

In other Grafton Group news, insider David Arnold sold 8,902 shares of Grafton Group stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of GBX 1,078 ($14.43), for a total transaction of £95,963.56 ($128,499.68). Corporate insiders own 11.42% 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.