Grafton Group (LON:GFTU) Hits New 12-Month Low - Should You Sell?

Grafton Group plc (LON:GFTU - Get Free Report) shares reached a new 52-week low on Monday . The company traded as low as GBX 791.40 ($10.36) and last traded at GBX 792.47 ($10.37), with a volume of 1603205 shares changing hands. The stock had previously closed at GBX 838.60 ($10.98).

Analysts Set New Price Targets

Separately, Berenberg Bank reaffirmed a "buy" rating and issued a GBX 1,100 ($14.40) price objective on shares of Grafton Group in a research report on Monday, March 10th.

Grafton Group Stock Up 0.0 %

The stock has a 50 day moving average price of GBX 868.34 and a 200 day moving average price of GBX 935.26. 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 market capitalization of £1.67 billion, a P/E ratio of 13.03, a PEG ratio of 1.58 and a beta of 1.60.

Grafton Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 17th will be given a GBX 26.50 ($0.35) dividend. This is a positive change from Grafton Group's previous dividend of $10.50. The ex-dividend date of this dividend is Thursday, April 17th. This represents a yield of 3.02%. Grafton Group's payout ratio is currently 56.74%.

Insider Activity

In other news, insider David Arnold acquired 2,867 shares of the business's stock in a transaction dated Friday, April 11th. The stock was bought at an average cost of GBX 835 ($10.93) per share, for a total transaction of £23,939.45 ($31,334.36). Also, insider Eric Born bought 1,253 shares of the firm's stock in a transaction that occurred on Friday, April 4th. The shares were purchased at an average cost of GBX 841 ($11.01) per share, for a total transaction of £10,537.73 ($13,792.84). Insiders purchased 5,300 shares of company stock valued at $4,433,018 in the last three months. Company insiders own 11.45% 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.