Grafton Group (LON:GFTU) Shares Pass Below 200-Day Moving Average – Should You Sell?

Grafton Group plc (LON:GFTU) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,002.80 ($13.00) and traded as low as GBX 992.60 ($12.87). Grafton Group shares last traded at GBX 1,001.60 ($12.99), with a volume of 275,867 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank upped their price target on shares of Grafton Group from GBX 1,100 ($14.27) to GBX 1,200 ($15.56) and gave the stock a “buy” rating in a research report on Thursday, August 29th.

Grafton Group Price Performance

The company has a market capitalization of £2.02 billion, a P/E ratio of 1,222.89, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60. The company’s 50-day moving average price is GBX 1,044.19 and its two-hundred day moving average price is GBX 1,003.07. The company has a debt-to-equity ratio of 37.66, a current ratio of 2.21 and a quick ratio of 1.56.

Grafton Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 11th. Stockholders of record on Thursday, September 12th were given a GBX 10.50 ($0.14) dividend. This represents a dividend yield of 1%. The ex-dividend date of this dividend was Thursday, September 12th. Grafton Group’s payout ratio is presently 4,457.83%.

Insider Activity

In other news, insider David Arnold sold 8,902 shares of the stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of GBX 1,078 ($13.98), for a total value of £95,963.56 ($124,450.21). Insiders own 11.45% 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.