Grafton Group (LON:GFTU) Reaches New 12-Month High at $1,044.80

Grafton Group plc (LON:GFTU) shares hit a new 52-week high during trading on Friday . The company traded as high as GBX 1,044.80 ($13.51) and last traded at GBX 1,042 ($13.48), with a volume of 69383 shares trading hands. The stock had previously closed at GBX 1,014.80 ($13.12).

Analyst Ratings Changes

Separately, Royal Bank of Canada restated an “outperform” rating and set a GBX 1,140 ($14.74) target price on shares of Grafton Group in a research report on Friday, May 3rd.

Grafton Group Trading Up 2.7 %

The company has a quick ratio of 1.56, a current ratio of 2.46 and a debt-to-equity ratio of 38.24. The company has a market capitalization of £2.09 billion, a P/E ratio of 1,188.33, a price-to-earnings-growth ratio of 1.58 and a beta of 1.51. The business has a fifty day moving average price of GBX 979.84 and a 200 day moving average price of GBX 967.52.

Insiders Place Their Bets

In other news, insider David Arnold sold 12,000 shares of Grafton Group stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of GBX 952 ($12.31), for a total value of £114,240 ($147,749.61). Insiders own 11.38% of the company’s stock.

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.