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

Grainger plc (LON:GRI) insider Robert Hudson purchased 72 shares of Grainger stock in a transaction on Monday, February 3rd. The stock was bought at an average cost of GBX 208 ($2.60) per share, with a total value 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 stock was 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 purchased at an average price of GBX 232 ($2.90) per share, for a total transaction of £148.48 ($185.32).

Grainger Price Performance

LON:GRI traded up GBX 9 ($0.11) during trading hours on Wednesday, reaching GBX 218 ($2.72). The company had a trading volume of 1,619,762 shares, compared to its average volume of 3,766,951. 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 stock has a 50-day moving average of GBX 221.90 and a two-hundred day moving average of GBX 232.11. Grainger plc has a one year low of GBX 205 ($2.56) and a one year high of GBX 276 ($3.44). The firm has a market capitalization of £1.61 billion, a PE ratio of 8,183.33, a PEG ratio of 1.51 and a beta of 0.71.

Grainger (LON:GRI) last announced its earnings results on Thursday, November 21st. The company reported GBX 9.30 ($0.12) earnings per share (EPS) for the quarter. Grainger had a negative net margin of 0.41% and a negative return on equity of 0.06%. Analysts forecast that Grainger plc will post 10.4590732 earnings per share for the current year.

Grainger Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, January 16th will be given 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.

Analyst Ratings Changes

Several brokerages have issued reports on GRI. Berenberg Bank reissued a “buy” rating and issued a GBX 299 ($3.73) price target on shares of Grainger in a report on Friday, November 29th. 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.

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.