Grafton Group (LON:GFTU) Share Price Passes Below 200-Day Moving Average – What’s Next?

Grafton Group plc (LON:GFTU) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 938.07 and traded as low as GBX 875.95. Grafton Group shares last traded at GBX 879.10, with a volume of 217,735 shares traded.

Wall Street Analysts Forecast Growth

GFTU has been the subject of a number of analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 1,100 price target on shares of Grafton Group in a research note on Thursday, September 4th. Royal Bank Of Canada decreased their target price on shares of Grafton Group from GBX 1,220 to GBX 1,190 and set an “outperform” rating on the stock in a report on Friday, October 31st. Finally, Peel Hunt restated a “buy” rating and issued a GBX 1,130 target price on shares of Grafton Group in a research report on Thursday, November 13th. Three research analysts have rated the stock with a Buy rating, According to data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of GBX 1,140.

Grafton Group Stock Down 0.1%

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 50 day moving average of GBX 922.10 and a two-hundred day moving average of GBX 938.07. The firm has a market capitalization of £2.03 billion, a price-to-earnings ratio of 9.59, a price-to-earnings-growth 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.