Insider Buying: Grainger (LON:GRI) Insider Buys 16,129 Shares of Stock

Grainger plc (LON:GRI) insider Michael Brodtman purchased 16,129 shares of the company’s stock in a transaction dated Thursday, November 27th. The shares were acquired at an average price of GBX 186 per share, with a total value of £29,999.94.

Grainger Stock Down 1.2%

GRI stock opened at GBX 182.76 on Monday. The company’s 50 day moving average is GBX 189.94 and its 200 day moving average is GBX 201.24. The stock has a market cap of £1.35 billion, a price-to-earnings ratio of 12.43, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. The company has a current ratio of 4.49, a quick ratio of 0.87 and a debt-to-equity ratio of 84.49. Grainger plc has a 1-year low of GBX 118.30 and a 1-year high of GBX 238.

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

Analyst Upgrades and Downgrades

GRI has been the topic of a number of research reports. Peel Hunt restated a “hold” rating and set a GBX 220 price target on shares of Grainger in a research report on Thursday, November 20th. Jefferies Financial Group boosted their target price on Grainger from GBX 267 to GBX 270 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Grainger presently has an average 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.4,500 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.