Grafton Group (LON:GFTU) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Grafton Group plc (LON:GFTU)’s share price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 919.24 and traded as low as GBX 908.30. Grafton Group shares last traded at GBX 928.40, with a volume of 1,000,656 shares.

Analysts Set New Price Targets

GFTU has been the topic of several analyst reports. Peel Hunt reissued a “buy” rating and issued a GBX 1,130 target price on shares of Grafton Group in a research note on Thursday, November 13th. Royal Bank Of Canada lowered their price target on Grafton Group from GBX 1,220 to GBX 1,190 and set an “outperform” rating for the company in a research note on Friday, October 31st. Three analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus target price of GBX 1,140.

Grafton Group Trading Up 2.3%

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 market capitalization of £2.20 billion, a price-to-earnings ratio of 10.37, a PEG ratio of 1.58 and a beta of 1.60. The business has a 50 day simple moving average of GBX 929.12 and a 200-day simple moving average of GBX 919.24.

Insider Activity

In related news, insider Eric Born sold 2,200 shares of the stock in a transaction that occurred on Tuesday, December 2nd. The stock was sold at an average price of GBX 933, for a total transaction of £20,526. Corporate insiders own 9.33% 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.