Key Points
- Insider purchase: Grainger director Robert Hudson bought 81 shares on Dec. 2 at GBX 184 (£149.04) and also bought 80 shares on Oct. 3 at GBX 189, indicating continued insider buying.
- Analyst sentiment: Jefferies raised its price target to GBX 270 with a "buy" rating while Peel Hunt remains at "hold" with GBX 220, leaving a MarketBeat consensus of "Moderate Buy" and an average target of GBX 245.
- Valuation & performance: The stock opened near GBX 186.49, has a market cap of £1.38bn, a P/E of 12.69 and recent quarterly EPS of GBX 9.30, trading within a 52-week range of GBX 118.30–238.
Grainger plc (LON:GRI - Get Free Report) insider Robert Hudson purchased 81 shares of Grainger stock in a transaction dated Tuesday, December 2nd. The stock was acquired at an average price of GBX 184 per share, for a total transaction of £149.04.
Robert Hudson also recently made the following trade(s):
- On Friday, October 3rd, Robert Hudson purchased 80 shares of Grainger stock. The stock was acquired at an average cost of GBX 189 per share, with a total value of £151.20.
Grainger Price Performance
GRI opened at GBX 186.49 on Friday. The firm has a market cap of £1.38 billion, a price-to-earnings ratio of 12.69, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. Grainger plc has a fifty-two week low of GBX 118.30 and a fifty-two week high of GBX 238. The company's 50-day moving average price is GBX 190.13 and its 200 day moving average price is GBX 200.49. The company has a quick ratio of 0.87, a current ratio of 4.49 and a debt-to-equity ratio of 84.49.
Grainger (LON:GRI - Get Free Report) last issued its earnings results on Thursday, November 20th. The company reported GBX 9.30 EPS for the quarter. Grainger had a negative return on equity of 0.06% and a negative net margin of 0.40%. As a group, sell-side analysts expect that Grainger plc will post 10.4590732 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts recently issued reports on GRI shares. Jefferies Financial Group boosted their price objective on Grainger from GBX 267 to GBX 270 and gave the company a "buy" rating in a research report on Tuesday, October 28th. Peel Hunt reissued a "hold" rating and set a GBX 220 price target on shares of Grainger in a report on Thursday, November 20th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of GBX 245.
Get Our Latest Report on GRI
About Grainger
(
Get Free Report)
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.
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