Michael Brodtman Purchases 16,129 Shares of Grainger (LON:GRI) Stock

Grainger plc (LON:GRI) insider Michael Brodtman acquired 16,129 shares of Grainger stock in a transaction on Thursday, November 27th. The shares were bought at an average price of GBX 186 per share, with a total value of £29,999.94.

Grainger Stock Up 0.1%

Shares of GRI stock opened at GBX 183.80 on Wednesday. Grainger plc has a twelve month low of GBX 118.30 and a twelve month high of GBX 238. The stock has a market cap of £1.36 billion, a P/E ratio of 12.50, a P/E/G ratio of 1.51 and a beta of 0.71. The stock has a 50 day moving average of GBX 190.01 and a 200 day moving average of GBX 200.70. 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 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, sell-side analysts expect that Grainger plc will post 10.4590732 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Grainger from GBX 267 to GBX 270 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Peel Hunt restated a “hold” rating and issued a GBX 220 price target on shares of Grainger in a research note on Thursday, November 20th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price 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.4,500 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.