Grafton Group (LON:GFTU) Stock Passes Below 200-Day Moving Average - Here's What Happened

Key Points

• Grafton Group plc's stock price has fallen below its 200-day moving average, trading at GBX 888.40 ($12.01) compared to the average of GBX 921.77 ($12.46).
• Berenberg Bank has restated a "buy" rating for Grafton Group, setting a target price of GBX 1,100, while the average rating for the stock remains a "buy."
• The company has a market capitalization of £2.10 billion and possesses a relatively high price-to-earnings ratio of 990.82.

Grafton Group plc (LON:GFTU - Get Free Report)'s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 921.77 ($12.46) and traded as low as GBX 880 ($11.89). Grafton Group shares last traded at GBX 888.40 ($12.01), with a volume of 325,311 shares trading hands.

Wall Street Analyst Weigh In

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

Grafton Group Price Performance

The company's fifty day moving average is GBX 888.74 and its 200 day moving average is GBX 921.77. 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 firm has a market cap of £2.10 billion, a price-to-earnings ratio of 990.82, a PEG 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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