Grafton Group plc (LON:GFTU - Get Free Report)'s stock price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 927.94 ($12.30) and traded as low as GBX 856.80 ($11.35). Grafton Group shares last traded at GBX 880.30 ($11.66), with a volume of 185,596 shares.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 1,100 ($14.58) target price on shares of Grafton Group in a research report on Monday, March 10th.
Get Our Latest Analysis on Grafton Group
Grafton Group Stock Performance
The firm has a market capitalization of £1.73 billion, a P/E ratio of 13.50, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60. The company has a 50-day moving average of GBX 864.93 and a 200-day moving average of GBX 927.94. 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 Increases Dividend
The business also recently disclosed a dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 17th will be paid a GBX 26.50 ($0.35) dividend. This is a positive change from Grafton Group's previous dividend of $10.50. This represents a dividend yield of 3.02%. The ex-dividend date is Thursday, April 17th. Grafton Group's payout ratio is currently 56.74%.
Insider Buying and Selling at Grafton Group
In other Grafton Group news, insider David Arnold bought 2,867 shares of the stock in a transaction on Friday, April 11th. The stock was acquired at an average cost of GBX 835 ($11.06) per share, for a total transaction of £23,939.45 ($31,720.48). Also, insider Eric Born acquired 13,700 shares of Grafton Group stock in a transaction dated Tuesday, April 15th. The shares were bought at an average cost of GBX 896 ($11.87) per share, with a total value of £122,752 ($162,650.06). In the last 90 days, insiders bought 19,000 shares of company stock valued at $16,708,218. 11.45% of the stock is currently owned by company insiders.
About Grafton Group
(
Get Free Report)
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.
Further Reading
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