Grainger plc (LON:GRI) Insider Buys £149.76 in Stock

Grainger plc (LON:GRI) insider Robert Hudson acquired 72 shares of Grainger stock in a transaction on Monday, February 3rd. The stock was acquired at an average cost of GBX 208 ($2.60) per share, for a total transaction of £149.76 ($186.92).

Robert Hudson also recently made the following trade(s):

• On Thursday, December 19th, Robert Hudson sold 48,642 shares of Grainger stock. The shares were sold at an average price of GBX 220 ($2.75), for a total value of £107,012.40 ($133,565.15).
• On Wednesday, December 4th, Robert Hudson acquired 64 shares of Grainger stock. The shares were bought at an average cost of GBX 232 ($2.90) per share, with a total value of £148.48 ($185.32).

Grainger Trading Up 4.3 %

GRI stock traded up GBX 9 ($0.11) during midday trading on Wednesday, hitting GBX 218 ($2.72). 1,619,762 shares of the company’s stock were exchanged, compared to its average volume of 3,766,951. Grainger plc has a one year low of GBX 205 ($2.56) and a one year high of GBX 276 ($3.44). The company has a debt-to-equity ratio of 84.35, a quick ratio of 0.87 and a current ratio of 3.81. The company has a market cap of £1.61 billion, a PE ratio of 8,183.33, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. The stock’s fifty day moving average price is GBX 221.90 and its 200-day moving average price is GBX 232.11.

Grainger (LON:GRI) last released its quarterly earnings data on Thursday, November 21st. The company reported GBX 9.30 ($0.12) earnings per share for the quarter. Grainger had a negative return on equity of 0.06% and a negative net margin of 0.41%. Research analysts predict that Grainger plc will post 10.4590732 earnings per share for the current fiscal year.

Grainger Increases Dividend

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

Analyst Ratings Changes

Several equities analysts have weighed in on GRI shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 336 ($4.19) target price on shares of Grainger in a research note on Friday, November 22nd. Berenberg Bank reissued a “buy” rating and set a GBX 299 ($3.73) price objective on shares of Grainger in a research note on Friday, November 29th.

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.