Grafton Group (LON:GFTU) Shares Cross Below 200-Day Moving Average - Here's What Happened

Grafton Group plc (LON:GFTU - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,005.42 ($12.76) and traded as low as GBX 964.90 ($12.24). Grafton Group shares last traded at GBX 969 ($12.30), with a volume of 234,280 shares trading hands.

Analyst Ratings Changes

Separately, Berenberg Bank boosted their price target on shares of Grafton Group from GBX 1,100 ($13.96) to GBX 1,200 ($15.23) and gave the stock a "buy" rating in a research note on Thursday, August 29th.

Grafton Group Trading Down 2.0 %

The stock's 50-day moving average price is GBX 1,024.75 and its 200 day moving average price is GBX 1,005.42. The company has a debt-to-equity ratio of 37.66, a current ratio of 2.21 and a quick ratio of 1.56. The firm has a market capitalization of £1.89 billion, a PE ratio of 1,156.27, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60.

Grafton Group Cuts Dividend

The company also recently disclosed a dividend, which was paid on Friday, October 11th. Shareholders of record on Thursday, September 12th were issued a dividend of GBX 10.50 ($0.13) per share. The ex-dividend date of this dividend was Thursday, September 12th. This represents a yield of 1%. Grafton Group's payout ratio is currently 4,457.83%.

Insider Buying and Selling at Grafton Group

In other news, insider David Arnold sold 8,902 shares of the stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of GBX 1,078 ($13.68), for a total transaction of £95,963.56 ($121,781.17). 11.45% of the stock is currently owned by corporate insiders.

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.