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

Grainger plc (LON:GRI)’s share price hit a new 52-week low on Thursday . The stock traded as low as GBX 205.50 ($2.59) and last traded at GBX 209.50 ($2.64), with a volume of 943733 shares changing hands. The stock had previously closed at GBX 209.50 ($2.64).

Analyst Upgrades and Downgrades

GRI has been the topic of several recent analyst reports. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 336 ($4.23) target price on shares of Grainger in a research note on Friday, November 22nd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 299 ($3.76) target price on shares of Grainger in a research note on Friday, November 29th.

Grainger Price Performance

The company has a debt-to-equity ratio of 84.49, a current ratio of 4.49 and a quick ratio of 0.87. The firm has a market cap of £1.55 billion, a PE ratio of -1,396.67, a P/E/G ratio of 1.51 and a beta of 0.71. The business has a fifty day moving average price of GBX 217.84 and a two-hundred day moving average price of GBX 230.20.

Grainger (LON:GRI) last issued its earnings results on Thursday, November 21st. The company reported GBX 9.30 ($0.12) EPS for the quarter. Grainger had a negative return on equity of 0.06% and a negative net margin of 0.40%. On average, analysts anticipate that Grainger plc will post 10.4590732 EPS for the current fiscal year.

Grainger Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, January 16th will be issued a dividend of GBX 5.01 ($0.06) per share. This represents a yield of 2.26%. This is a boost from Grainger’s previous dividend of $2.54. The ex-dividend date of this dividend is Thursday, January 16th. Grainger’s dividend payout ratio is -4,666.67%.

Insider Activity

In other news, insider Helen Gordon sold 29,992 shares of the company’s stock in a transaction that occurred on Tuesday, January 14th. The shares were sold at an average price of GBX 215 ($2.71), for a total transaction of £64,482.80 ($81,141.06). Also, 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 ($2.77), for a total transaction of £107,012.40 ($134,657.61). 1.92% of the stock is currently owned by company 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.