Grainger (LON:GRI) Hits New 1-Year Low – Here’s What Happened

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

Analyst Ratings Changes

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

Grainger Stock Performance

The company has a market cap of £1.54 billion, a P/E ratio of 8,183.33, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. The stock 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.

Grainger (LON:GRI) last posted its quarterly earnings data on Thursday, November 21st. The company reported GBX 9.30 ($0.11) earnings per share for the quarter. Grainger had a negative return on equity of 0.06% and a negative net margin of 0.41%. On average, 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 announced a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 16th will be issued a dividend of GBX 5.01 ($0.06) per share. This is a positive change from Grainger’s previous dividend of $2.54. This represents a dividend yield of 2.26%. The ex-dividend date of this dividend is Thursday, January 16th.

Insider Activity at Grainger

In other news, insider Robert Hudson sold 48,642 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The stock was 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 firm’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). 1.92% of the stock is owned by insiders.

About Grainger

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.