Grafton Group (LON:GFTU) Shares Pass Below Two Hundred Day Moving Average of $806.63
Shares of Grafton Group plc (LON:GFTU) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $806.63 and traded as low as $701.50. Grafton Group shares last traded at $706.00, with a volume of 243,277 shares trading hands.
A number of research firms have commented on GFTU. Peel Hunt reiterated an “add” rating and issued a GBX 860 ($11.24) price objective on shares of Grafton Group in a report on Wednesday, October 2nd. Liberum Capital restated a “hold” rating on shares of Grafton Group in a report on Wednesday, October 2nd. Canaccord Genuity raised their price target on shares of Grafton Group from GBX 845 ($11.04) to GBX 850 ($11.11) and gave the stock a “buy” rating in a report on Wednesday, October 2nd. Berenberg Bank restated a “buy” rating and set a GBX 970 ($12.67) price target on shares of Grafton Group in a report on Thursday, September 5th. Finally, Peel Hunt upgraded shares of Grafton Group to an “add” rating and set a GBX 860 ($11.24) price target for the company in a report on Wednesday, October 2nd. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Grafton Group presently has a consensus rating of “Hold” and an average target price of GBX 875.83 ($11.44).
The stock’s fifty day moving average price is GBX 732.66 and its 200-day moving average price is GBX 806.63. The firm has a market cap of $1.68 billion and a price-to-earnings ratio of 13.37. The company has a current ratio of 1.61, a quick ratio of 1.10 and a debt-to-equity ratio of 68.48.
About Grafton Group (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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