Grainger (LON:GRI) Insider Sells £166,639.46 in Stock

Grainger plc (LON:GRI) insider Helen Gordon sold 92,066 shares of the firm’s stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of GBX 181, for a total transaction of £166,639.46.

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

• On Tuesday, December 2nd, Helen Gordon purchased 81 shares of Grainger stock. The stock was bought at an average cost of GBX 184 per share, with a total value of £149.04.
• On Friday, October 3rd, Helen Gordon acquired 80 shares of Grainger stock. The shares were bought at an average cost of GBX 189 per share, for a total transaction of £151.20.

Grainger Trading Down 0.2%

Grainger stock opened at GBX 180.20 on Friday. The stock has a 50-day moving average price of GBX 186.69 and a 200 day moving average price of GBX 196.28. Grainger plc has a 52 week low of GBX 118.30 and a 52 week high of GBX 230. The stock has a market cap of £1.33 billion, a PE ratio of 6.60, a P/E/G ratio of 1.51 and a beta of 0.71. The company has a current ratio of 4.49, a quick ratio of 0.87 and a debt-to-equity ratio of 84.49.

Grainger (LON:GRI) last released its earnings results on Thursday, November 20th. The company reported GBX 9.30 earnings per share (EPS) for the quarter. Grainger had a negative net margin of 0.40% and a negative return on equity of 0.06%. Equities research analysts predict that Grainger plc will post 10.4590732 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

GRI has been the subject of several recent analyst reports. Peel Hunt reaffirmed a “hold” rating and issued a GBX 220 target price on shares of Grainger in a research note on Thursday, November 20th. Jefferies Financial Group raised their price objective on Grainger from GBX 267 to GBX 270 and gave the stock a “buy” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of GBX 245.

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.