Insider Selling: Grainger (LON:GRI) Insider Sells £46,734.20 in Stock

Grainger plc (LON:GRI) insider Robert Hudson sold 25,820 shares of the business’s stock in a transaction on Monday, December 22nd. The shares were sold at an average price of GBX 181, for a total transaction of £46,734.20.

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

• On Tuesday, December 2nd, Robert Hudson acquired 81 shares of Grainger stock. The stock was acquired at an average price of GBX 184 per share, for a total transaction of £149.04.
• On Friday, October 3rd, Robert Hudson acquired 80 shares of Grainger stock. The shares were acquired at an average cost of GBX 189 per share, with a total value of £151.20.

Grainger Price Performance

Grainger stock opened at GBX 180.20 on Friday. The stock has a market cap of £1.33 billion, a price-to-earnings ratio of 6.60, a PEG ratio of 1.51 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 4.49 and a debt-to-equity ratio of 84.49. The business has a 50-day simple moving average of GBX 186.95 and a 200 day simple moving average of GBX 196.52. Grainger plc has a 52 week low of GBX 118.30 and a 52 week high of GBX 230.

Grainger (LON:GRI) last released its quarterly earnings results on Thursday, November 20th. The company reported GBX 9.30 earnings per share for the quarter. Grainger had a negative return on equity of 0.06% and a negative net margin of 0.40%. On average, research analysts forecast that Grainger plc will post 10.4590732 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have issued reports on GRI. Jefferies Financial Group lifted their target price on shares of Grainger from GBX 267 to GBX 270 and gave the company a “buy” rating in a research report on Tuesday, October 28th. Peel Hunt restated a “hold” rating and set a GBX 220 price objective on shares of Grainger in a research report on Thursday, November 20th. One 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 stock has a consensus rating of “Moderate Buy” and a consensus 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.4,300 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.