Insider Selling: Grainger (LON:GRI) Insider Sells 46,435 Shares of Stock

Grainger plc (LON:GRI) insider Robert Hudson sold 46,435 shares of Grainger stock in a transaction dated Friday, February 6th. The stock was sold at an average price of GBX 189, for a total value of £87,762.15.

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

• On Tuesday, February 3rd, Robert Hudson bought 77 shares of Grainger stock. The shares were purchased at an average cost of GBX 193 per share, with a total value of £148.61.
• On Friday, January 2nd, Robert Hudson bought 83 shares of Grainger stock. The shares were purchased at an average cost of GBX 181 per share, for a total transaction of £150.23.
• On Monday, December 22nd, Robert Hudson sold 25,820 shares of Grainger stock. The stock was sold at an average price of GBX 181, for a total transaction of £46,734.20.
• On Tuesday, December 2nd, Robert Hudson purchased 81 shares of Grainger stock. The stock was purchased at an average price of GBX 184 per share, with a total value of £149.04.

Grainger Stock Down 0.1%

Grainger stock traded down GBX 0.20 during mid-day trading on Wednesday, hitting GBX 191. The company’s stock had a trading volume of 2,147,491 shares, compared to its average volume of 5,073,566. Grainger plc has a 52-week low of GBX 118.30 and a 52-week high of GBX 230. The company has a market cap of £1.41 billion, a PE ratio of 7.00, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. The company has a debt-to-equity ratio of 84.49, a current ratio of 4.49 and a quick ratio of 0.87. The firm’s 50 day moving average is GBX 187.38 and its 200 day moving average is GBX 191.09.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on GRI shares. Berenberg Bank raised their price objective on shares of Grainger from GBX 260 to GBX 285 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Jefferies Financial Group increased their price objective on shares of Grainger from GBX 267 to GBX 270 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Finally, Peel Hunt reduced their price target on Grainger from GBX 220 to GBX 200 and set a “hold” rating on the stock in a 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. According to MarketBeat.com, Grainger presently has a consensus rating of “Moderate Buy” and an average price target of GBX 251.67.

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.