Grafton Group plc (LON:GFTU) Insider David Arnold Sells 12,000 Shares

Grafton Group plc (LON:GFTUGet Free Report) insider David Arnold sold 12,000 shares of Grafton Group stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of GBX 952 ($11.96), for a total value of £114,240 ($143,517.59).

David Arnold also recently made the following trade(s):

  • On Tuesday, March 19th, David Arnold sold 11,667 shares of Grafton Group stock. The shares were sold at an average price of GBX 977 ($12.27), for a total transaction of £113,986.59 ($143,199.23).

Grafton Group Stock Performance

Shares of LON GFTU opened at GBX 973.40 ($12.23) on Friday. The firm’s 50-day moving average price is GBX 967.82 and its 200-day moving average price is GBX 915.98. Grafton Group plc has a 52-week low of GBX 737.20 ($9.26) and a 52-week high of GBX 1,026.60 ($12.90). The company has a market cap of £1.95 billion, a PE ratio of 1,158.81, a PEG ratio of 1.58 and a beta of 1.51. The company has a quick ratio of 1.56, a current ratio of 2.46 and a debt-to-equity ratio of 38.24.

Grafton Group Increases Dividend

The business also recently announced a dividend, which was paid on Thursday, May 9th. Investors of record on Thursday, April 11th were issued a GBX 26 ($0.33) dividend. The ex-dividend date of this dividend was Thursday, April 11th. This represents a yield of 2.7%. This is a boost from Grafton Group’s previous dividend of $10.00. Grafton Group’s dividend payout ratio (DPR) is currently 4,285.71%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on GFTU shares. Berenberg Bank upped their target price on shares of Grafton Group from GBX 1,000 ($12.56) to GBX 1,100 ($13.82) and gave the stock a “buy” rating in a research note on Thursday, March 7th. Numis Securities reiterated a “buy” rating and set a GBX 1,200 ($15.08) target price on shares of Grafton Group in a research note on Thursday, March 7th. Finally, Royal Bank of Canada restated an “outperform” rating and issued a GBX 1,140 ($14.32) price target on shares of Grafton Group in a research note on Friday, May 3rd.

Read Our Latest Stock Report on GFTU

About Grafton Group

(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.

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