Insider Buying: Grainger (LON:GRI) Insider Buys £149.85 in Stock

Grainger plc (LON:GRI) insider Helen Gordon acquired 81 shares of the stock in a transaction on Friday, November 6th. The stock was bought at an average price of GBX 185 per share, with a total value of £149.85.

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

• On Thursday, October 8th, Helen Gordon purchased 93 shares of Grainger stock. The stock was purchased at an average price of GBX 162 per share, for a total transaction of £150.66.
• On Tuesday, September 8th, Helen Gordon bought 87 shares of Grainger stock. The shares were bought at an average cost of GBX 171 per share, with a total value of £148.77.

Grainger Stock Performance

GRI stock opened at GBX 181.50 on Friday. The firm has a market cap of £1.35 billion, a price-to-earnings ratio of 10.25, a PEG ratio of 1.51 and a beta of 0.78. The business’s fifty day simple moving average is GBX 172.26 and its two-hundred day simple moving average is GBX 172.29. Grainger plc has a twelve month low of GBX 149.44 and a twelve month high of GBX 202.79. The company has a quick ratio of 0.87, a current ratio of 2.04 and a debt-to-equity ratio of 83.71.

Analyst Ratings Changes

A number of analysts have weighed in on the company. Jefferies Financial Group reaffirmed a “buy” rating and set a GBX 200 price objective on shares of Grainger in a research report on Monday, November 2nd. Deutsche Bank lowered their target price on Grainger from GBX 238 to GBX 224 and set a “buy” rating on the stock in a report on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 220.80.

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.