Key Points
- Insider buying: Grainger director Robert Hudson purchased 87 shares at GBX 174 each, worth £151.38, following an 88-share purchase in July.
- Stock performance: Grainger shares opened at GBX 174.38 and were down 1.1%, with the company valued at approximately £1.29 billion.
- Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating, with an average price target of GBX 222.80 versus the current share price.
Grainger plc (LON:GRI - Get Free Report) insider Robert Hudson purchased 87 shares of the company's stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average price of GBX 174 per share, with a total value of £151.38.
Robert Hudson also recently made the following trade(s):
- On Wednesday, July 8th, Robert Hudson acquired 88 shares of Grainger stock. The shares were bought at an average cost of GBX 170 per share, for a total transaction of £149.60.
Grainger Trading Down 1.1%
Shares of GRI stock opened at GBX 174.38 on Tuesday. The company has a market cap of £1.29 billion, a PE ratio of 6.39, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. Grainger plc has a 1 year low of GBX 118.30 and a 1 year high of GBX 212.50. The stock's 50 day simple moving average is GBX 169.83 and its two-hundred day simple moving average is GBX 172.59. The company has a debt-to-equity ratio of 83.71, a current ratio of 2.04 and a quick ratio of 0.87.
Grainger (LON:GRI - Get Free Report) last announced its earnings results on Thursday, May 14th. The company reported GBX 4.20 EPS for the quarter. The firm had revenue of £113.70 million during the quarter. Grainger had a return on equity of 6.53% and a net margin of 54.91%. Research analysts predict that Grainger plc will post 10.4590732 earnings per share for the current year.
Analysts Set New Price Targets
A number of research analysts have weighed in on GRI shares. Berenberg Bank cut their price objective on shares of Grainger from GBX 285 to GBX 227 and set a "buy" rating on the stock in a research report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft cut their price target on shares of Grainger from GBX 238 to GBX 224 and set a "buy" rating on the stock in a report on Monday, August 3rd. Finally, Jefferies Financial Group reduced their price objective on shares of Grainger from GBX 232 to GBX 210 and set a "buy" rating on the stock in a research report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Grainger has a consensus rating of "Moderate Buy" and an average target price of GBX 222.80.
Read Our Latest Analysis on GRI
Grainger Company Profile
(
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.4,300 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.
Read More
This instant news alert was generated by narrative science technology and financial data from InsiderTrades.com in order to provide readers with the fastest and most accurate reporting. Please send any questions or comments about this story to [email protected].
