Grainger (LON:GRI) Sets New 52-Week Low – What’s Next?

Grainger plc (LON:GRIGet Free Report) shares hit a new 52-week low during trading on Monday . The stock traded as low as GBX 205 ($2.55) and last traded at GBX 206.83 ($2.57), with a volume of 4157965 shares trading hands. The stock had previously closed at GBX 209.60 ($2.61).

Analysts Set New Price Targets

Several research firms have weighed in on GRI. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a GBX 336 ($4.18) target price on shares of Grainger in a research note on Friday, November 22nd. Berenberg Bank restated a “buy” rating and set a GBX 299 ($3.72) price objective on shares of Grainger in a research report on Friday, November 29th.

View Our Latest Research Report on GRI

Grainger Stock Down 0.5 %

The firm’s fifty day moving average is GBX 224.27 and its 200-day moving average is GBX 233.65. The company has a market capitalization of £1.55 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 company has a debt-to-equity ratio of 84.35, a quick ratio of 0.87 and a current ratio of 3.81.

Grainger (LON:GRIGet Free Report) last issued its earnings results on Thursday, November 21st. The company reported GBX 9.30 ($0.12) 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, equities research analysts predict that Grainger plc will post 10.4590732 EPS for the current year.

Grainger Increases Dividend

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

Insider Activity

In other news, 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 ($2.68), for a total transaction of £64,482.80 ($80,232.43). Also, insider Robert Hudson sold 48,642 shares of the business’s stock in a transaction on Thursday, December 19th. The stock was sold at an average price of GBX 220 ($2.74), for a total transaction of £107,012.40 ($133,149.68). Insiders own 1.92% of the company’s stock.

About Grainger

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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.

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