Grafton Group (LON:GFTU) Stock Passes Below 200 Day Moving Average – Should You Sell?

Grafton Group plc (LON:GFTU)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 910.22 and traded as low as GBX 899. Grafton Group shares last traded at GBX 914.40, with a volume of 13,515,152 shares traded.

Analysts Set New Price Targets

Several equities research analysts recently commented on the stock. Berenberg Bank cut their price objective on shares of Grafton Group from GBX 1,100 to GBX 1,000 and set a “buy” rating on the stock in a research report on Monday, May 18th. Stifel Nicolaus reiterated a “buy” rating and set a GBX 1,175 target price on shares of Grafton Group in a report on Thursday, March 19th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 1,275 price target on shares of Grafton Group in a research note on Monday, May 18th. Finally, Citigroup cut their price target on Grafton Group from £115 to £110 and set a “buy” rating on the stock in a report on Friday, June 19th. Six investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, Grafton Group presently has a consensus rating of “Buy” and an average price target of GBX 2,795.

Grafton Group Stock Down 0.4%

The company has a current ratio of 2.11, a quick ratio of 1.56 and a debt-to-equity ratio of 37.55. The company has a market capitalization of £2.12 billion, a P/E ratio of 9.99, a PEG ratio of 1.58 and a beta of 1.08. The firm’s 50 day moving average price is GBX 864.92 and its two-hundred day moving average price is GBX 910.22.

Grafton Group declared that its Board of Directors has approved a stock buyback program on Thursday, March 5th that allows the company to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Grafton Group

In other Grafton Group news, insider Eric Born purchased 1,182 shares of the business’s stock in a transaction on Wednesday, April 8th. The shares were purchased at an average cost of GBX 915 per share, with a total value of £10,815.30. Insiders own 9.33% 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.