Shares of Grafton Group plc (LON:GFTU - Get Free Report) rose 0.6% during mid-day trading on Wednesday . The stock traded as high as GBX 979.60 ($12.42) and last traded at GBX 962.90 ($12.21). Approximately 117,377 shares changed hands during trading, a decline of 77% from the average daily volume of 514,497 shares. The stock had previously closed at GBX 957.40 ($12.14).
Wall Street Analysts Forecast Growth
Separately, Berenberg Bank upped their price target on Grafton Group from GBX 1,100 ($13.94) to GBX 1,200 ($15.21) and gave the stock a "buy" rating in a research note on Thursday, August 29th.
Check Out Our Latest Stock Analysis on Grafton Group
Grafton Group Stock Down 0.4 %
The company has a market capitalization of £1.91 billion, a PE ratio of 1,155.66, a P/E/G ratio of 1.58 and a beta of 1.60. 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's 50-day moving average is GBX 989.98 and its 200 day moving average is GBX 1,004.78.
Insider Activity
In other news, insider David Arnold sold 30,000 shares of the business's stock in a transaction on Monday, November 4th. The stock was sold at an average price of GBX 1,018 ($12.90), for a total value of £305,400 ($387,121.31). Corporate insiders own 11.45% of the company's stock.
Grafton Group Company Profile
(
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
Before you consider Grafton Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Grafton Group wasn't on the list.
While Grafton Group currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to avoid the hassle of mudslinging, volatility, and uncertainty? You'd need to be out of the market, which isn’t viable. So where should investors put their money? Find out with this report.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
