Grainger (LON:GRI) Insider Buys 88 Shares of Stock

Grainger plc (LON:GRI) insider Helen Gordon purchased 88 shares of Grainger stock in a transaction that occurred on Wednesday, July 8th. The shares were purchased at an average price of GBX 170 per share, for a total transaction of £149.60.

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

• On Tuesday, May 5th, Helen Gordon acquired 94 shares of Grainger stock. The shares were purchased at an average price of GBX 159 per share, with a total value of £149.46.

Grainger Price Performance

GRI traded up GBX 1.99 during trading on Friday, hitting GBX 174.78. 1,773,611 shares of the stock traded hands, compared to its average volume of 12,584,794. The business has a 50 day moving average price of GBX 161.70 and a 200 day moving average price of GBX 174.35. The company has a debt-to-equity ratio of 83.71, a current ratio of 2.04 and a quick ratio of 0.87. Grainger plc has a twelve month low of GBX 118.30 and a twelve month high of GBX 213. The company has a market cap of £1.29 billion, a price-to-earnings ratio of 6.40, a PEG ratio of 1.51 and a beta of 0.78.

Grainger (LON:GRI) last issued its earnings results on Thursday, May 14th. The company reported GBX 4.20 earnings per share for the quarter. Grainger had a return on equity of 6.53% and a net margin of 54.91%.The firm had revenue of £113.70 million for the quarter. Equities research analysts forecast that Grainger plc will post 10.4590732 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft reduced their price objective on Grainger from GBX 336 to GBX 238 and set a “buy” rating on the stock in a research note on Friday, May 15th. Jefferies Financial Group dropped their target price on shares of Grainger from GBX 232 to GBX 210 and set a “buy” rating for the company in a report on Friday, May 15th. Berenberg Bank reduced their price target 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. Finally, Citigroup decreased their price target on shares of Grainger from GBX 298 to GBX 253 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 225.60.

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.