Key Points
- Insider buying: Robert Hudson purchased 87 Grainger shares at GBX 171 each, worth £148.77, following similar purchases in July and August.
- Stock performance: Grainger shares opened at GBX 168, with a 12-month range of GBX 118.30 to GBX 202.79 and a market capitalization of approximately £1.25 billion.
- Analyst outlook: Analysts maintain a consensus “Moderate Buy” rating, with four Buy ratings and one Hold; the average price target is GBX 222.80.
Grainger plc (LON:GRI - Get Free Report) insider Robert Hudson purchased 87 shares of Grainger stock in a transaction on Tuesday, September 8th. The shares were purchased at an average cost of GBX 171 per share, with a total value of £148.77.
Robert Hudson also recently made the following trade(s):
- On Friday, August 7th, Robert Hudson purchased 87 shares of Grainger stock. The shares were acquired at an average cost of GBX 174 per share, with a total value of £151.38.
- On Wednesday, July 8th, Robert Hudson acquired 88 shares of Grainger stock. The stock was acquired at an average price of GBX 170 per share, for a total transaction of £149.60.
Grainger Stock Performance
Shares of GRI stock opened at GBX 168 on Thursday. Grainger plc has a 12 month low of GBX 118.30 and a 12 month high of GBX 202.79. The company's fifty day simple moving average is GBX 174.01 and its 200-day simple moving average is GBX 169.43. The firm has a market cap of £1.25 billion, a PE ratio of 9.49, a P/E/G ratio of 1.51 and a beta of 0.78. The company has a quick ratio of 0.87, a current ratio of 2.04 and a debt-to-equity ratio of 83.71.
Analyst Ratings Changes
Several equities research analysts have commented on the stock. Berenberg Bank cut their price target 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 lowered their target price on Grainger from GBX 238 to GBX 224 and set a "buy" rating on the stock in a research report on Monday, August 3rd. Finally, Jefferies Financial Group reiterated a "buy" rating and set a GBX 210 target price on shares of Grainger in a report on Monday. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Grainger currently has a consensus rating of "Moderate Buy" and an average price target of GBX 222.80.
Check Out Our Latest Stock Report on Grainger
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.4,300 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.
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