Grafton Group plc (LON:GFTU - Get Free Report) shares crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,003.59 ($12.61) and traded as low as GBX 945.20 ($11.88). Grafton Group shares last traded at GBX 949.95 ($11.94), with a volume of 645,670 shares trading hands.
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank boosted their target price on shares of Grafton Group from GBX 1,100 ($13.82) to GBX 1,200 ($15.08) and gave the stock a "buy" rating in a research report on Thursday, August 29th.
Check Out Our Latest Report on Grafton Group
Grafton Group Stock Performance
The firm has a fifty day simple moving average of GBX 983.95 and a 200 day simple moving average of GBX 1,003.23. The company has a current ratio of 2.21, a quick ratio of 1.56 and a debt-to-equity ratio of 37.66. The stock has a market cap of £1.91 billion, a price-to-earnings ratio of 1,157.86, a PEG ratio of 1.58 and a beta of 1.60.
Insider Activity at Grafton Group
In other Grafton Group news, insider David Arnold sold 30,000 shares of the firm's stock in a transaction dated Monday, November 4th. The shares were sold at an average price of GBX 1,018 ($12.79), for a total transaction of £305,400 ($383,812.99). 11.45% of the stock is currently owned by corporate insiders.
About Grafton Group
(
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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.
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