Insider Buying: Grainger (LON:GRI) Insider Buys 81 Shares of Stock

Grainger plc (LON:GRI) insider Helen Gordon purchased 81 shares of the company’s stock in a transaction that occurred on Tuesday, December 2nd. The shares were acquired at an average cost of GBX 184 per share, for a total transaction of £149.04.

Helen Gordon also recently made the following trade(s):

• On Friday, October 3rd, Helen Gordon bought 80 shares of Grainger stock. The shares were acquired at an average cost of GBX 189 per share, for a total transaction of £151.20.

Grainger Stock Performance

GRI stock opened at GBX 188 on Thursday. The firm has a 50 day simple moving average of GBX 190.05 and a 200 day simple moving average of GBX 200.59. Grainger plc has a 52 week low of GBX 118.30 and a 52 week high of GBX 238. The stock has a market cap of £1.39 billion, a P/E ratio of 12.79, a P/E/G ratio of 1.51 and a beta of 0.71. The company has a debt-to-equity ratio of 84.49, a quick ratio of 0.87 and a current ratio of 4.49.

Grainger (LON:GRI) last issued its earnings results on Thursday, November 20th. The company reported GBX 9.30 earnings per share (EPS) for the quarter. Grainger had a negative net margin of 0.40% and a negative return on equity of 0.06%. Research analysts anticipate that Grainger plc will post 10.4590732 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on GRI shares. Peel Hunt restated a “hold” rating and set a GBX 220 price target on shares of Grainger in a report on Thursday, November 20th. Jefferies Financial Group upped their price target on Grainger from GBX 267 to GBX 270 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 245.

Grainger Company Profile

Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK’s largest listed residential landlord, a Real Estate Investment Trust (REIT) and a leader in the fast-growing build-to-rent sector, providing c.11,000 rental homes to over 25,000 customers. With a pipeline of secured build-to-rent development projects totalling c.4,500 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.