Grainger (LON:GRI) Share Price Passes Above 200-Day Moving Average – What’s Next?

Grainger plc (LON:GRI) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 190.01 and traded as high as GBX 193.40. Grainger shares last traded at GBX 190.20, with a volume of 4,340,261 shares.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on GRI. Berenberg Bank increased their target price on Grainger from GBX 260 to GBX 285 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Peel Hunt lowered their price target on shares of Grainger from GBX 220 to GBX 200 and set a “hold” rating for the company in a research report on Thursday, January 8th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Grainger currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 251.67.

Grainger Stock Up 0.4%

The company has a debt-to-equity ratio of 84.49, a quick ratio of 0.87 and a current ratio of 4.49. The firm has a 50 day simple moving average of GBX 189.80 and a two-hundred day simple moving average of GBX 190.01. The stock has a market cap of £1.41 billion, a P/E ratio of 7.00, a P/E/G ratio of 1.51 and a beta of 0.71.

Insider Transactions at Grainger

In other Grainger news, insider Helen Gordon sold 92,066 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of GBX 181, for a total transaction of £166,639.46. Also, insider Robert Hudson sold 46,435 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The stock was sold at an average price of GBX 189, for a total transaction of £87,762.15. Over the last 90 days, insiders have purchased 482 shares of company stock worth $89,576 and have sold 164,321 shares worth $30,113,581. 1.45% of the stock is owned by insiders.

About Grainger

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.4,300 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.

Grainger works in partnership with a large number of public sector organisations to deliver new homes to local communities, including Transport for London, Network Rail, the Ministry of Defence, Lewisham Borough Council and the Local Pensions Partnership.

The Grainger team is dedicated to the common purpose of Renting Homes, Enriching Lives, backed by a set of core values.