Grafton Group (LON:GFTU) Stock Crosses Above 200-Day Moving Average of $996.15

Shares of Grafton Group plc (LON:GFTU) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 996.15 ($13.34) and traded as high as GBX 1,062.40 ($14.23). Grafton Group shares last traded at GBX 1,060.40 ($14.20), with a volume of 513,134 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank lifted their price objective on shares of Grafton Group from GBX 1,100 ($14.73) to GBX 1,200 ($16.07) and gave the company a “buy” rating in a research report on Thursday, August 29th.

Grafton Group Stock Performance

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 stock has a 50-day moving average price of GBX 1,042.12 and a 200-day moving average price of GBX 996.15. The company has a market capitalization of £2.11 billion, a price-to-earnings ratio of 1,262.38, a PEG ratio of 1.58 and a beta of 1.60.

Grafton Group Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, October 11th. Shareholders of record on Thursday, September 12th will be issued a dividend of GBX 10.50 ($0.14) per share. This represents a yield of 1%. The ex-dividend date of this dividend is Thursday, September 12th. Grafton Group’s dividend payout ratio is 4,404.76%.

Insider Buying and Selling at Grafton Group

In related news, insider David Arnold sold 8,902 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of GBX 1,078 ($14.43), for a total value of £95,963.56 ($128,499.68). Corporate insiders own 11.44% 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.