Grainger (LON:GRI) Insider Purchases £148.77 in Stock

Grainger plc (LON:GRI) insider Robert Hudson acquired 87 shares of the firm’s stock in a transaction on Tuesday, September 8th. The stock was 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 bought 87 shares of Grainger stock. The shares were acquired at an average price of GBX 174 per share, with a total value of £151.38.
• On Wednesday, July 8th, Robert Hudson bought 88 shares of Grainger stock. The shares were acquired at an average cost of GBX 170 per share, for a total transaction of £149.60.

Grainger Trading Down 0.1%

LON:GRI opened at GBX 165.90 on Friday. The company has a debt-to-equity ratio of 83.71, a quick ratio of 0.87 and a current ratio of 2.04. Grainger plc has a one year low of GBX 118.30 and a one year high of GBX 202.79. The business’s 50-day simple moving average is GBX 173.63 and its 200 day simple moving average is GBX 169.23. The stock has a market cap of £1.23 billion, a price-to-earnings ratio of 9.37, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft cut 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. Jefferies Financial Group reissued a “buy” rating and set a GBX 210 price target on shares of Grainger in a research report on Monday, September 7th. Finally, Berenberg Bank dropped their price target on shares of Grainger from GBX 285 to GBX 227 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Four research analysts have 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 stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 222.80.

Grainger Company Profile

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.