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

Grainger plc (LON:GRI) insider Robert Hudson purchased 93 shares of the company’s stock in a transaction that occurred on Thursday, October 8th. The shares were purchased at an average cost 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 bought 87 shares of Grainger stock. The shares were purchased at an average cost of GBX 171 per share, with a total value of £148.77.
• On Friday, August 7th, Robert Hudson purchased 87 shares of Grainger stock. The stock was bought at an average cost of GBX 174 per share, with a total value of £151.38.

Grainger Price Performance

Shares of Grainger stock traded up GBX 3.10 on Friday, hitting GBX 163. The company had a trading volume of 3,960,675 shares, compared to its average volume of 11,505,519. Grainger plc has a 52 week low of GBX 149.44 and a 52 week high of GBX 202.79. The company has a debt-to-equity ratio of 83.71, a current ratio of 2.04 and a quick ratio of 0.87. The company has a market cap of £1.21 billion, a PE ratio of 9.21, a PEG ratio of 1.51 and a beta of 0.78. The business has a 50-day simple moving average of GBX 169.95 and a 200-day simple moving average of GBX 167.13.

Analysts Set New Price Targets

Several research firms have issued reports on GRI. Deutsche Bank Aktiengesellschaft cut their price objective on Grainger from GBX 238 to GBX 224 and set a “buy” rating on the stock in a report on Monday, August 3rd. Jefferies Financial Group reiterated a “buy” rating and set a GBX 210 target price on shares of Grainger in a research report on Monday, September 7th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of GBX 222.80.

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.