Grainger (LON:GRI) Insider Buys £149.85 in Stock

Grainger plc (LON:GRI) insider Helen Gordon acquired 81 shares of Grainger stock in a transaction that occurred on Friday, November 6th. The shares were purchased at an average price of GBX 185 per share, for a total transaction of £149.85.

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

• On Thursday, October 8th, Helen Gordon acquired 93 shares of Grainger stock. The stock was acquired at an average price of GBX 162 per share, with a total value of £150.66.
• On Tuesday, September 8th, Helen Gordon purchased 87 shares of Grainger stock. The shares were acquired at an average price of GBX 171 per share, for a total transaction of £148.77.

Grainger Trading Up 1.3%

LON GRI opened at GBX 187 on Tuesday. The firm has a market capitalization of £1.39 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. The business’s 50-day moving average price is GBX 171.53 and its two-hundred day moving average price is GBX 172.49. The company has a current ratio of 2.04, a quick ratio of 0.87 and a debt-to-equity ratio of 83.71. Grainger plc has a 12 month low of GBX 149.44 and a 12 month high of GBX 202.79.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 200 target price on shares of Grainger in a report on Monday, November 2nd. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Grainger from GBX 238 to GBX 224 and set a “buy” rating for the company in a research note on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Grainger presently has an average rating of “Moderate Buy” and a consensus price target of GBX 220.80.

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.