Grainger (LON:GRI) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

Grainger plc (LON:GRI)’s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 192.38 and traded as high as GBX 194.93. Grainger shares last traded at GBX 194.93, with a volume of 852,856 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the stock. Peel Hunt lowered their target price on shares of Grainger from GBX 220 to GBX 200 and set a “hold” rating on the stock in a report on Thursday, January 8th. Jefferies Financial Group lifted their price objective on Grainger from GBX 267 to GBX 270 and gave the company a “buy” rating in a report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 235.

Grainger Stock Performance

The stock’s 50-day moving average price is GBX 185.20 and its 200-day moving average price is GBX 192.38. The company has a market capitalization of £1.44 billion, a price-to-earnings ratio of 7.14, a P/E/G ratio of 1.51 and a beta of 0.71. The company has a debt-to-equity ratio of 84.49, a quick ratio of 0.87 and a current ratio of 4.49.

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

Insider Buying and Selling at Grainger

In other news, insider Robert Hudson sold 25,820 shares of the firm’s stock in a transaction on Monday, December 22nd. The stock was sold at an average price of GBX 181, for a total value of £46,734.20. Also, insider Helen Gordon sold 92,066 shares of the business’s stock in a transaction dated Tuesday, December 23rd. The stock was sold at an average price of GBX 181, for a total transaction of £166,639.46. Over the last 90 days, insiders have bought 16,457 shares of company stock valued at $3,059,848. Insiders own 1.44% of the company’s stock.

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.