Grafton Group (LON:GFTU) Stock Crosses Below Two Hundred Day Moving Average - Time to Sell?

Key Points

• Grafton Group plc's stock has fallen below its 200-day moving average, reaching a low of GBX 906 ($12.18) during trading.
• Berenberg Bank has reaffirmed a "buy" rating" for Grafton Group, setting a target price of GBX 1,100 amid positive analyst ratings.
• The company's market capitalization stands at £2.12 billion with a notable price-to-earnings ratio of 997.71, indicating potential overvaluation.

Grafton Group plc (LON:GFTU - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 923.07 ($12.41) and traded as low as GBX 906 ($12.18). Grafton Group shares last traded at GBX 911.90 ($12.26), with a volume of 377,365 shares.

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 1,100 target price on shares of Grafton Group in a research note on Thursday, September 4th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Grafton Group has an average rating of "Buy" and a consensus price target of GBX 1,100.

Grafton Group Stock Performance

The company has a 50 day moving average price of GBX 887.84 and a 200 day moving average price of GBX 923.07. 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 company has a market capitalization of £2.12 billion, a price-to-earnings ratio of 997.71, a P/E/G ratio of 1.58 and a beta of 1.60.

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.

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