Grainger (LON:GRI) Insider Purchases £151.38 in Stock

Grainger plc (LON:GRI) insider Robert Hudson purchased 87 shares of the firm’s stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average cost of GBX 174 per share, for a total transaction of £151.38.

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

• On Wednesday, July 8th, Robert Hudson acquired 88 shares of Grainger stock. The shares were purchased at an average price of GBX 170 per share, with a total value of £149.60.

Grainger Price Performance

LON:GRI opened at GBX 173.80 on Thursday. The stock has a 50 day moving average of GBX 170.68 and a two-hundred day moving average of GBX 172.33. Grainger plc has a 12 month low of GBX 118.30 and a 12 month high of GBX 208.50. The firm has a market cap of £1.28 billion, a P/E ratio of 6.37, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. The company has a current ratio of 2.04, a quick ratio of 0.87 and a debt-to-equity ratio of 83.71.

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

Wall Street Analyst Weigh In

Several research analysts recently commented on GRI shares. Berenberg Bank reduced their price objective on Grainger from GBX 285 to GBX 227 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Jefferies Financial Group lowered their target price on shares of Grainger from GBX 232 to GBX 210 and set a “buy” rating on the stock in a research note on Friday, May 15th. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on shares of Grainger from GBX 238 to GBX 224 and set a “buy” rating for the company in a research report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, Grainger has a consensus rating of “Moderate Buy” and a consensus 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.