Robert Hudson Purchases 81 Shares of Grainger (LON:GRI) Stock

Grainger plc (LON:GRI) insider Robert Hudson purchased 81 shares of the business’s stock in a transaction on Tuesday, December 2nd. The shares were acquired at an average price of GBX 184 per share, with a total value of £149.04.

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

• On Friday, October 3rd, Robert Hudson acquired 80 shares of Grainger stock. The stock was bought at an average price of GBX 189 per share, for a total transaction of £151.20.

Grainger Trading Up 1.6%

Shares of GRI stock opened at GBX 188 on Thursday. The company has a debt-to-equity ratio of 84.49, a current ratio of 4.49 and a quick ratio of 0.87. The business has a 50-day moving average of GBX 190.05 and a 200 day moving average of GBX 200.59. The stock has a market capitalization of £1.39 billion, a PE ratio of 12.79, a P/E/G ratio of 1.51 and a beta of 0.71. Grainger plc has a 1-year low of GBX 118.30 and a 1-year high of GBX 238.

Grainger (LON:GRI) last issued its earnings results on Thursday, November 20th. The company reported GBX 9.30 earnings per share (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 anticipate that Grainger plc will post 10.4590732 earnings per share for the current year.

Analyst Upgrades and Downgrades

GRI has been the topic of a number of recent analyst reports. Peel Hunt reiterated a “hold” rating and issued a GBX 220 price objective on shares of Grainger in a research report on Thursday, November 20th. Jefferies Financial Group raised their price target on Grainger from GBX 267 to GBX 270 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.