Robert Hudson Buys 87 Shares of Grainger (LON:GRI) Stock

Grainger plc (LON:GRI) insider Robert Hudson purchased 87 shares of the firm’s stock in a transaction dated Tuesday, September 8th. The shares were bought at an average price of GBX 171 per share, for a total transaction of £148.77.

Robert Hudson also recently made the following trade(s):

• On Friday, August 7th, Robert Hudson acquired 87 shares of Grainger stock. The stock was purchased at an average price of GBX 174 per share, with a total value of £151.38.
• On Wednesday, July 8th, Robert Hudson acquired 88 shares of Grainger stock. The stock was acquired at an average price of GBX 170 per share, for a total transaction of £149.60.

Grainger Price Performance

Shares of LON GRI traded down GBX 3 during midday trading on Wednesday, hitting GBX 168. 1,832,149 shares of the company’s stock were exchanged, compared to its average volume of 12,382,724. The business’s fifty day moving average price is GBX 174.08 and its two-hundred day moving average price is GBX 169.63. The company has a market cap of £1.25 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 1.51 and a beta of 0.78. The company has a current ratio of 2.04, a quick ratio of 0.87 and a debt-to-equity ratio of 83.71. Grainger plc has a 12-month low of GBX 118.30 and a 12-month high of GBX 202.79.

Analysts Set New Price Targets

GRI has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Grainger from GBX 238 to GBX 224 and set a “buy” rating for the company in a research note on Monday, August 3rd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 210 price objective on shares of Grainger in a research note on Monday. Finally, Berenberg Bank decreased their target price on shares of Grainger from GBX 285 to GBX 227 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of GBX 222.80.

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.4,300 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.