Grainger (LON:GRI) Insider Acquires £151.38 in Stock

Grainger plc (LON:GRI) insider Helen Gordon purchased 87 shares of the business’s stock in a transaction dated Friday, August 7th. The stock was bought at an average price of GBX 174 per share, for a total transaction of £151.38.

Helen Gordon also recently made the following trade(s):

• On Wednesday, July 8th, Helen Gordon acquired 88 shares of Grainger stock. The shares were bought at an average price of GBX 170 per share, with a total value of £149.60.

Grainger Trading Down 0.1%

Shares of GRI opened at GBX 173.80 on Thursday. The firm has a market capitalization of £1.28 billion, a price-to-earnings ratio of 6.37, a PEG ratio of 1.51 and a beta of 0.78. 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 plc has a 1-year low of GBX 118.30 and a 1-year high of GBX 208.50. The company has a 50-day moving average of GBX 170.68 and a 200 day moving average of GBX 172.33.

Grainger (LON:GRI) last issued its earnings results on Thursday, May 14th. The company reported GBX 4.20 EPS for the quarter. The business had revenue of £113.70 million for the quarter. Grainger had a net margin of 54.91% and a return on equity of 6.53%. On average, research analysts expect that Grainger plc will post 10.4590732 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on GRI shares. Jefferies Financial Group lowered their price target on Grainger from GBX 232 to GBX 210 and set a “buy” rating for the company in a report on Friday, May 15th. Deutsche Bank Aktiengesellschaft reduced their price objective on Grainger from GBX 238 to GBX 224 and set a “buy” rating on the stock in a report on Monday, August 3rd. Finally, Berenberg Bank decreased their target price on Grainger from GBX 285 to GBX 227 and set a “buy” rating for the company in a research report on Wednesday, May 27th. 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.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 222.80.

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.