Grafton Group plc (LON:GFTU)’s share price crossed 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.
A number of equities analysts have commented on GFTU shares. Liberum Capital reaffirmed a “hold” rating on shares of Grafton Group in a research note on Thursday, October 17th. Canaccord Genuity increased their price target on shares of Grafton Group from GBX 845 ($11.04) to GBX 850 ($11.11) and gave the company a “buy” rating in a research note on Wednesday, October 2nd. Peel Hunt dropped their price target 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. Berenberg Bank cut their price target on shares of Grafton Group from GBX 970 ($12.67) to GBX 940 ($12.28) and set a “buy” rating for the company in a report on Monday, November 25th. Finally, Peel Hunt lowered shares of Grafton Group to a “hold” rating and reduced their price target for the company from GBX 860 ($11.24) to GBX 800 ($10.45) in a research report on Thursday, October 17th. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Grafton Group currently has an average rating of “Hold” and a consensus price target of GBX 850.83 ($11.12).
The firm has a market cap of $1.99 billion and a price-to-earnings ratio of 15.84. 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 50 day moving average price of GBX 817.44 and a 200 day moving average price of GBX 794.75.
In other Grafton Group news, insider David Arnold acquired 2,768 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was purchased 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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