Grainger (LON:GRI) Reaches New 52-Week Low – Time to Sell?

Grainger plc (LON:GRI)’s share price reached a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 210.50 ($2.59) and last traded at GBX 210.50 ($2.59), with a volume of 2230025 shares traded. The stock had previously closed at GBX 216 ($2.66).

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on GRI shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 336 ($4.14) target price on shares of Grainger in a research report on Friday, November 22nd. Berenberg Bank reissued a “buy” rating and set a GBX 299 ($3.68) price objective on shares of Grainger in a research report on Friday, November 29th.

Grainger Price Performance

The business has a 50-day moving average price of GBX 225.43 and a two-hundred day moving average price of GBX 234.58. The company has a quick ratio of 0.87, a current ratio of 3.81 and a debt-to-equity ratio of 84.35. The company has a market capitalization of £1.54 billion, a price-to-earnings ratio of 8,183.33, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71.

Grainger (LON:GRI) last issued its quarterly earnings results on Thursday, November 21st. The company reported GBX 9.30 ($0.11) earnings per share for the quarter. Grainger had a negative net margin of 0.41% and a negative return on equity of 0.06%. As a group, research analysts anticipate that Grainger plc will post 10.4590732 EPS for the current year.

Grainger Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, January 16th will be paid a GBX 5.01 ($0.06) dividend. This is an increase from Grainger’s previous dividend of $2.54. The ex-dividend date is Thursday, January 16th. This represents a yield of 2.26%.

Insiders Place Their Bets

In related news, insider Robert Hudson sold 48,642 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of GBX 220 ($2.71), for a total value of £107,012.40 ($131,740.00). Also, insider Helen Gordon sold 29,992 shares of the business’s stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of GBX 215 ($2.65), for a total transaction of £64,482.80 ($79,382.99). Company insiders own 1.92% of the company’s stock.

Grainger Company Profile

Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK’s largest listed residential landlord and leader in the fast-growing build-to-rent sector, providing c.11,100 rental homes to over 20,000 customers. With a pipeline of secured build-to-rent development projects totalling c.5,000 homes and £1.5bn, Grainger is creating thousands more rental homes by investing in cities across the UK.