Grafton Group (LON:GFTU) Stock Price Up 0.6% – Here’s What Happened

Grafton Group plc (LON:GFTU)’s stock price shot up 0.6% during mid-day trading on Wednesday . The company traded as high as GBX 979.60 ($12.36) and last traded at GBX 962.90 ($12.15). 117,377 shares changed hands during mid-day trading, a decline of 77% from the average session volume of 514,497 shares. The stock had previously closed at GBX 957.40 ($12.08).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank raised their target price on Grafton Group from GBX 1,100 ($13.88) to GBX 1,200 ($15.15) and gave the company a “buy” rating in a report on Thursday, August 29th.

Grafton Group Stock Performance

The company’s fifty day moving average is GBX 989.98 and its 200-day moving average is GBX 1,004.78. The company has a current ratio of 2.21, a quick ratio of 1.56 and a debt-to-equity ratio of 37.66. The firm has a market capitalization of £1.91 billion, a P/E ratio of 1,157.35, a P/E/G ratio of 1.58 and a beta of 1.60.

Insider Buying and Selling at Grafton Group

In other Grafton Group news, insider David Arnold sold 30,000 shares of the firm’s stock in a transaction on Monday, November 4th. The shares were sold at an average price of GBX 1,018 ($12.85), for a total value of £305,400 ($385,460.05). 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.