Grafton Group (LON:GFTU) Reaches New 52-Week Low – Here’s Why

Grafton Group plc (LON:GFTU) shares hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 791.40 ($10.20) and last traded at GBX 792.47 ($10.21), with a volume of 1603205 shares changing hands. The stock had previously closed at GBX 838.60 ($10.81).

Analysts Set New Price Targets

Separately, Berenberg Bank restated a “buy” rating and set a GBX 1,100 ($14.18) target price on shares of Grafton Group in a research report on Monday, March 10th.

Grafton Group Trading Down 4.8 %

The stock has a market cap of £1.57 billion, a P/E ratio of 12.25, a P/E/G ratio of 1.58 and a beta of 1.60. 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 stock’s fifty day moving average is GBX 878.97 and its 200 day moving average is GBX 944.23.

Grafton Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 17th will be given a GBX 26.50 ($0.34) dividend. This is a positive change from Grafton Group’s previous dividend of $10.50. This represents a yield of 3.02%. The ex-dividend date of this dividend is Thursday, April 17th. Grafton Group’s dividend payout ratio is 56.74%.

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.