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

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

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

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

Grainger Trading Down 0.8%

Shares of LON:GRI opened at GBX 180.60 on Wednesday. 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 plc has a 12-month low of GBX 118.30 and a 12-month high of GBX 230. The business has a 50 day moving average of GBX 187.52 and a two-hundred day moving average of GBX 196.75. The company has a market capitalization of £1.34 billion, a PE ratio of 6.62, a PEG ratio of 1.51 and a beta of 0.71.

Grainger (LON:GRI) last issued its quarterly earnings data on Thursday, November 20th. The company reported GBX 9.30 EPS for the quarter. Grainger had a negative net margin of 0.40% and a negative return on equity of 0.06%. As a group, analysts forecast that Grainger plc will post 10.4590732 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have weighed in on GRI. Peel Hunt reiterated a “hold” rating and issued a GBX 220 price objective on shares of Grainger in a research report on Thursday, November 20th. Jefferies Financial Group lifted their price target on Grainger from GBX 267 to GBX 270 and gave the company a “buy” rating in a research note on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average 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.