Grafton Group (LON:GFTU) Stock Price Up 0.6% – Still a Buy?

Grafton Group plc (LON:GFTU) traded up 0.6% during 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 traded hands during 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).

Analyst Ratings Changes

Separately, Berenberg Bank raised their price target 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 Price Performance

The stock has a market cap of £1.91 billion, a price-to-earnings ratio of 1,157.35, a PEG ratio of 1.58 and a beta of 1.60. The company has a debt-to-equity ratio of 37.66, a quick ratio of 1.56 and a current ratio of 2.21. The firm’s 50-day simple moving average is GBX 989.98 and its two-hundred day simple moving average is GBX 1,004.78.

Insider Activity at Grafton Group

In other Grafton Group news, insider David Arnold sold 30,000 shares of the business’s stock in a transaction dated Monday, November 4th. The stock was sold at an average price of GBX 1,018 ($12.85), for a total transaction of £305,400 ($385,460.05). 11.45% of the stock is currently owned by company insiders.

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.