Grafton Group (LON:GFTU) Shares Pass Below 200 Day Moving Average – Here’s Why

Grafton Group plc (LON:GFTU) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,002.80 ($13.00) and traded as low as GBX 992.60 ($12.87). Grafton Group shares last traded at GBX 1,001.60 ($12.99), with a volume of 275,867 shares changing hands.

Analyst Ratings Changes

Separately, Berenberg Bank boosted their price objective on shares of Grafton Group from GBX 1,100 ($14.27) to GBX 1,200 ($15.56) and gave the company a “buy” rating in a report on Thursday, August 29th.

Grafton Group Stock Performance

The stock has a market cap of £2.02 billion, a price-to-earnings ratio of 1,222.89, a PEG ratio of 1.58 and a beta of 1.60. The stock’s fifty day moving average is GBX 1,044.19 and its 200-day moving average is GBX 1,003.07. The company has a quick ratio of 1.56, a current ratio of 2.21 and a debt-to-equity ratio of 37.66.

Grafton Group Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, September 12th were issued a GBX 10.50 ($0.14) dividend. This represents a dividend yield of 1%. The ex-dividend date was Thursday, September 12th. Grafton Group’s dividend payout ratio (DPR) is presently 4,457.83%.

Insider Activity

In other news, insider David Arnold sold 8,902 shares of the company’s stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of GBX 1,078 ($13.98), for a total value of £95,963.56 ($124,450.21). Corporate insiders own 11.45% 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.