Grainger (LON:GRI) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Grainger plc (LON:GRI) shares crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 190.01 and traded as high as GBX 193.40. Grainger shares last traded at GBX 190.20, with a volume of 4,340,261 shares changing hands.

Analysts Set New Price Targets

GRI has been the subject of several analyst reports. Peel Hunt cut their target price on shares of Grainger from GBX 220 to GBX 200 and set a “hold” rating for the company in a research note on Thursday, January 8th. Berenberg Bank lifted their price target on shares of Grainger from GBX 260 to GBX 285 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Two investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 251.67.

Grainger Trading Up 0.9%

The company has a current ratio of 4.49, a quick ratio of 0.87 and a debt-to-equity ratio of 84.49. The stock has a market capitalization of £1.42 billion, a price-to-earnings ratio of 7.03, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. The business has a 50 day simple moving average of GBX 190.03 and a 200-day simple moving average of GBX 189.91.

Insider Activity at Grainger

In other Grainger news, insider Robert Hudson sold 46,435 shares of the stock in a transaction that occurred on Friday, February 6th. The shares were sold at an average price of GBX 189, for a total transaction of £87,762.15. Also, insider Helen Gordon sold 92,066 shares of Grainger stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of GBX 181, for a total transaction of £166,639.46. Over the last three months, insiders purchased 482 shares of company stock worth $89,576 and sold 164,321 shares worth $30,113,581. 1.45% of the stock is currently owned by company insiders.

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.4,300 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.

Grainger works in partnership with a large number of public sector organisations to deliver new homes to local communities, including Transport for London, Network Rail, the Ministry of Defence, Lewisham Borough Council and the Local Pensions Partnership.

The Grainger team is dedicated to the common purpose of Renting Homes, Enriching Lives, backed by a set of core values.