Grafton Group (LON:GFTU) Stock Crosses Above 50 Day Moving Average of $813.99

Shares of Grafton Group plc (LON:GFTU) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $813.99 and traded as high as $866.50. Grafton Group shares last traded at $842.00, with a volume of 575,875 shares traded.

GFTU has been the topic of several research analyst reports. Peel Hunt downgraded shares of Grafton Group to a “hold” rating and dropped their target price for the stock from GBX 860 ($11.24) to GBX 800 ($10.45) in a research report on Thursday, October 17th. Peel Hunt lowered their price objective on shares of Grafton Group from GBX 860 ($11.24) to GBX 800 ($10.45) and set a “hold” rating for the company in a research note on Thursday, October 17th. Canaccord Genuity lifted their price objective on shares of Grafton Group from GBX 845 ($11.04) to GBX 850 ($11.11) and gave the stock a “buy” rating in a research note on Wednesday, October 2nd. Berenberg Bank dropped their price objective on shares of Grafton Group from GBX 970 ($12.67) to GBX 940 ($12.28) and set a “buy” rating on the stock in a report on Monday, November 25th. Finally, Liberum Capital reissued a “hold” rating on shares of Grafton Group in a research report on Thursday, October 17th. Four investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of GBX 850.83 ($11.12).

The company’s fifty day moving average is GBX 817.44 and its two-hundred day moving average is GBX 794.75. 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 company has a market cap of $1.99 billion and a price-to-earnings ratio of 15.84.

In other Grafton Group news, insider David Arnold purchased 2,768 shares of the stock in a transaction on Wednesday, October 30th. The shares were bought at an average cost of GBX 786 ($10.27) per share, with a total value of £21,756.48 ($28,428.69).

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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