Grafton Group (LON:GFTU) Share Price Crosses Below 200 Day Moving Average - Time to Sell?

Shares of Grafton Group plc (LON:GFTU - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 927.94 ($12.47) and traded as low as GBX 856.80 ($11.51). Grafton Group shares last traded at GBX 880.30 ($11.83), with a volume of 185,596 shares traded.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank restated a "buy" rating and issued a GBX 1,100 ($14.78) target price on shares of Grafton Group in a report on Monday, March 10th.

Grafton Group Stock Down 0.2 %

The company has a quick ratio of 1.56, a current ratio of 2.21 and a debt-to-equity ratio of 37.66. The company's fifty day moving average is GBX 863.37 and its 200-day moving average is GBX 923.25. The company has a market cap of £1.74 billion, a PE ratio of 13.61, a PEG ratio of 1.58 and a beta of 1.60.

Grafton Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 15th. Stockholders of record on Thursday, April 17th will be paid a GBX 26.50 ($0.36) dividend. This represents a dividend yield of 3.02%. This is a positive change from Grafton Group's previous dividend of $10.50. The ex-dividend date of this dividend is Thursday, April 17th. Grafton Group's dividend payout ratio is 56.74%.

Insider Activity at Grafton Group

In related news, insider David Arnold acquired 2,867 shares of the business's stock in a transaction on Friday, April 11th. The stock was acquired at an average cost of GBX 835 ($11.22) per share, with a total value of £23,939.45 ($32,163.71). Also, insider Eric Born acquired 13,700 shares of the business's stock in a transaction on Tuesday, April 15th. The shares were bought at an average cost of GBX 896 ($12.04) per share, with a total value of £122,752 ($164,922.75). Over the last three months, insiders have purchased 19,000 shares of company stock worth $16,708,218. Corporate insiders own 11.45% 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.