Insider Buying: Grainger (LON:GRI) Insider Buys £150.66 in Stock

Grainger plc (LON:GRI) insider Robert Hudson acquired 93 shares of the company’s stock in a transaction dated Thursday, October 8th. The shares were acquired at an average price of GBX 162 per share, for a total transaction of £150.66.

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

• On Tuesday, September 8th, Robert Hudson acquired 87 shares of Grainger stock. The shares were acquired at an average cost of GBX 171 per share, for a total transaction of £148.77.
• On Friday, August 7th, Robert Hudson acquired 87 shares of Grainger stock. The stock was acquired at an average cost of GBX 174 per share, with a total value of £151.38.

Grainger Stock Performance

Shares of LON:GRI opened at GBX 162 on Monday. The firm has a 50 day moving average of GBX 169.70 and a 200 day moving average of GBX 167.12. The company has a quick ratio of 0.87, a current ratio of 2.04 and a debt-to-equity ratio of 83.71. The company has a market capitalization of £1.20 billion, a price-to-earnings ratio of 9.15, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. Grainger plc has a 52 week low of GBX 149.44 and a 52 week high of GBX 202.79.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 210 price target on shares of Grainger in a report on Monday, September 7th. Deutsche Bank Aktiengesellschaft decreased 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. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price 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.