Grafton Group (LON:GFTU) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Grafton Group plc (LON:GFTU)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-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 upped their price objective 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 note on Thursday, August 29th.

Grafton Group Trading Up 0.7 %

The company has a quick ratio of 1.56, a current ratio of 2.21 and a debt-to-equity ratio of 37.66. The business’s fifty day moving average is GBX 982.43 and its two-hundred day moving average is GBX 1,002.80. The firm has a market cap of £1.91 billion, a price-to-earnings ratio of 1,157.86, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60.

Insider Activity

In related news, insider David Arnold sold 30,000 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of GBX 1,018 ($12.79), for a total value of £305,400 ($383,812.99). Insiders own 11.45% of the company’s stock.

About Grafton Group

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.