Grainger (LON:GRI) Insider Buys 87 Shares of Stock

Grainger plc (LON:GRI) insider Helen Gordon acquired 87 shares of the company’s stock in a transaction that occurred on Friday, August 7th. The shares were bought at an average cost 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 bought 88 shares of Grainger stock. The stock was purchased at an average price of GBX 170 per share, with a total value of £149.60.

Grainger Stock Down 1.1%

Shares of GRI stock traded down GBX 1.92 during mid-day trading on Monday, hitting GBX 174.38. 1,604,194 shares of the stock traded hands, compared to its average volume of 12,695,096. Grainger plc has a 52-week low of GBX 118.30 and a 52-week high of GBX 212.50. The stock has a market cap of £1.29 billion, a P/E ratio of 6.39, a P/E/G 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. The stock’s fifty day moving average is GBX 169.38 and its two-hundred day moving average is GBX 172.71.

Grainger (LON:GRI) last issued its quarterly earnings data on Thursday, May 14th. The company reported GBX 4.20 earnings per share (EPS) for the quarter. The firm 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%. Equities analysts predict that Grainger plc will post 10.4590732 EPS for the current year.

Analyst Ratings Changes

Several analysts have recently commented on GRI shares. Berenberg Bank decreased their price objective on Grainger from GBX 285 to GBX 227 and set a “buy” rating for the company in a report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft decreased their price target on Grainger from GBX 238 to GBX 224 and set a “buy” rating for the company in a research note on Monday, August 3rd. Finally, Jefferies Financial Group dropped their price target on Grainger from GBX 232 to GBX 210 and set a “buy” rating on the stock in a research note on Friday, May 15th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price 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.