Grafton Group (LON:GFTU) Share Price Crosses Below 200-Day Moving Average of $812.34

Grafton Group plc (LON:GFTU)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $812.34 and traded as low as $750.00. Grafton Group shares last traded at $750.00, with a volume of 772,604 shares.

A number of analysts have weighed in on the company. Peel Hunt upgraded Grafton Group to an “add” rating in a report on Friday, August 30th. Berenberg Bank restated a “buy” rating and set a GBX 970 ($12.67) target price on shares of Grafton Group in a report on Thursday, September 5th. Canaccord Genuity restated a “buy” rating and set a GBX 895 ($11.69) target price on shares of Grafton Group in a report on Friday, August 30th. Finally, Liberum Capital reiterated a “hold” rating on shares of Grafton Group in a report on Friday, August 30th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Grafton Group presently has a consensus rating of “Buy” and an average price target of GBX 888 ($11.60).

The firm has a fifty day moving average price of GBX 718.58 and a 200 day moving average price of GBX 812.34. The company has a debt-to-equity ratio of 68.48, a quick ratio of 1.10 and a current ratio of 1.61. The stock has a market cap of $1.78 billion and a PE ratio of 14.20.



The firm also recently disclosed a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 26th will be issued a dividend of GBX 6.50 ($0.08) per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a dividend yield of 0.86%. Grafton Group’s dividend payout ratio is presently 0.34%.

Grafton Group Company Profile (LON:GFTU)

Grafton Group plc engages in the merchanting, retailing, and mortar manufacturing businesses in Belgium, Ireland, the Netherlands, and the United Kingdom. Its Merchanting 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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