Insider Buying: Grainger (LON:GRI) Insider Purchases £29,999.94 in Stock

Grainger plc (LON:GRI) insider Michael Brodtman acquired 16,129 shares of Grainger stock in a transaction dated Thursday, November 27th. The shares were bought at an average cost of GBX 186 per share, with a total value of £29,999.94.

Grainger Stock Performance

Shares of GRI opened at GBX 184.99 on Thursday. 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 stock has a market cap of £1.37 billion, a price-to-earnings ratio of 12.58, a PEG ratio of 1.51 and a beta of 0.71. Grainger plc has a one year low of GBX 118.30 and a one year high of GBX 238. The company has a 50-day moving average of GBX 190.05 and a two-hundred day moving average of GBX 200.59.

Grainger (LON:GRI) last issued its earnings results on Thursday, November 20th. The company reported GBX 9.30 earnings per share for the quarter. Grainger had a negative return on equity of 0.06% and a negative net margin of 0.40%. On average, equities research analysts expect that Grainger plc will post 10.4590732 earnings per share for the current year.

Analyst Ratings Changes

Several brokerages recently commented on GRI. Peel Hunt reiterated a “hold” rating and issued a GBX 220 target price on shares of Grainger in a report on Thursday, November 20th. Jefferies Financial Group lifted their price target on shares of Grainger from GBX 267 to GBX 270 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. One analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 245.

Grainger Company Profile

Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK’s largest listed residential landlord, a Real Estate Investment Trust (REIT) and a leader in the fast-growing build-to-rent sector, providing c.11,000 rental homes to over 25,000 customers. With a pipeline of secured build-to-rent development projects totalling c.4,500 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.