Grafton Group plc (LON:GFTU – Get Free Report)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 958.46 ($12.16) and traded as low as GBX 928.30 ($11.78). Grafton Group shares last traded at GBX 928.30 ($11.78), with a volume of 188,353 shares.
Analysts Set New Price Targets
Several research analysts have issued reports on GFTU shares. Numis Securities reiterated a “buy” rating and issued a GBX 1,200 ($15.22) price target on shares of Grafton Group in a report on Thursday, March 7th. Berenberg Bank increased their price objective on Grafton Group from GBX 1,000 ($12.69) to GBX 1,100 ($13.95) and gave the stock a “buy” rating in a research note on Thursday, March 7th. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a GBX 1,140 ($14.46) price target on shares of Grafton Group in a research report on Friday, May 3rd.
Read Our Latest Report on GFTU
Grafton Group Stock Down 1.3 %
Insiders Place Their Bets
In other Grafton Group news, insider David Arnold sold 12,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of GBX 952 ($12.08), for a total value of £114,240 ($144,919.45). In other Grafton Group news, insider David Arnold sold 12,000 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of GBX 952 ($12.08), for a total value of £114,240 ($144,919.45). Also, insider Eric Born bought 3,030 shares of the firm’s stock in a transaction on Tuesday, April 2nd. The stock was purchased at an average cost of GBX 1,027 ($13.03) per share, with a total value of £31,118.10 ($39,474.95). Company insiders own 11.38% 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.
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