Grafton Group (LON:GFTU) Share Price Crosses Below Two Hundred Day Moving Average of $789.87

Grafton Group plc (LON:GFTUGet Rating)’s share price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 789.87 ($9.09) and traded as low as GBX 731.70 ($8.42). Grafton Group shares last traded at GBX 810.80 ($9.34), with a volume of 1,235,722 shares changing hands.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on GFTU. Shore Capital reiterated a “house stock” rating on shares of Grafton Group in a research note on Wednesday, August 31st. Berenberg Bank restated a “buy” rating and set a GBX 1,050 ($12.09) target price on shares of Grafton Group in a research note on Thursday, September 15th.

Grafton Group Stock Performance

The stock has a 50-day simple moving average of GBX 701.94 and a 200 day simple moving average of GBX 789.87. The company has a debt-to-equity ratio of 40.40, a current ratio of 2.15 and a quick ratio of 1.56. The company has a market capitalization of £1.90 billion and a PE ratio of 1,000.99.

Grafton Group Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, October 7th. Shareholders of record on Thursday, September 8th were given a dividend of GBX 9.25 ($0.11) per share. The ex-dividend date was Thursday, September 8th. This represents a yield of 1.28%. Grafton Group’s payout ratio is 37.65%.

Insider Activity

In related news, insider Michael J. Roney acquired 12,000 shares of Grafton Group stock in a transaction dated Thursday, September 29th. The shares were acquired at an average cost of GBX 625 ($7.20) per share, for a total transaction of £75,000 ($86,355.79).

Grafton Group Company Profile

(Get Rating)

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 and plumbing materials to professional trades people engaged in residential repair, maintenance, and improvement projects, as well as in residential and other new build construction.

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