Robert Hudson Sells 46,435 Shares of Grainger (LON:GRI) Stock

Grainger plc (LON:GRI) insider Robert Hudson sold 46,435 shares of the company’s stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of GBX 189, for a total value of £87,762.15.

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

• On Tuesday, February 3rd, Robert Hudson purchased 77 shares of Grainger stock. The shares were acquired at an average cost of GBX 193 per share, with a total value of £148.61.
• On Friday, January 2nd, Robert Hudson acquired 83 shares of Grainger stock. The shares were acquired at an average price of GBX 181 per share, with a total value of £150.23.
• On Monday, December 22nd, Robert Hudson sold 25,820 shares of Grainger stock. The shares were sold at an average price of GBX 181, for a total value of £46,734.20.
• On Tuesday, December 2nd, Robert Hudson bought 81 shares of Grainger stock. The stock was acquired at an average price of GBX 184 per share, for a total transaction of £149.04.

Grainger Stock Up 0.7%

LON:GRI opened at GBX 192.40 on Friday. The company has a market cap of £1.42 billion, a price-to-earnings ratio of 7.05, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. Grainger plc has a twelve month low of GBX 118.30 and a twelve month high of GBX 230. The company has a current ratio of 4.49, a quick ratio of 0.87 and a debt-to-equity ratio of 84.49. The stock has a fifty day simple moving average of GBX 187.61 and a 200-day simple moving average of GBX 191.10.

Grainger (LON:GRI) last posted its quarterly earnings results 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%. Analysts anticipate that Grainger plc will post 10.4590732 EPS for the current year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the stock. Berenberg Bank lifted their price target on shares of Grainger from GBX 260 to GBX 285 and gave the company a “buy” rating in a research note on Tuesday, January 27th. 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. Finally, Peel Hunt decreased their target price on Grainger from GBX 220 to GBX 200 and set a “hold” rating for the company in a research report on Thursday, January 8th. Two equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, Grainger presently has an average rating of “Moderate Buy” and a consensus price target of GBX 251.67.

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.