Insider Buying: Grainger (LON:GRI) Insider Purchases £149.85 in Stock

Grainger plc (LON:GRI) insider Helen Gordon purchased 81 shares of Grainger stock in a transaction dated Friday, November 6th. The stock was bought at an average price of GBX 185 per share, with a total value of £149.85.

Helen Gordon also recently made the following trade(s):

• On Thursday, October 8th, Helen Gordon acquired 93 shares of Grainger stock. The shares were acquired at an average cost of GBX 162 per share, with a total value of £150.66.
• On Tuesday, September 8th, Helen Gordon acquired 87 shares of Grainger stock. The stock was bought at an average price of GBX 171 per share, for a total transaction of £148.77.

Grainger Stock Performance

Grainger stock opened at GBX 187 on Tuesday. The firm’s fifty day moving average price is GBX 171.53 and its 200-day moving average price is GBX 172.49. The company has a debt-to-equity ratio of 83.71, a quick ratio of 0.87 and a current ratio of 2.04. The stock has a market cap of £1.39 billion, a P/E ratio of 10.56, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. Grainger plc has a fifty-two week low of GBX 149.44 and a fifty-two week high of GBX 202.79.

Analyst Upgrades and Downgrades

GRI has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft decreased their price objective on Grainger from GBX 238 to GBX 224 and set a “buy” rating on the stock in a report on Monday, August 3rd. Jefferies Financial Group reissued a “buy” rating and set a GBX 200 price target on shares of Grainger in a research note on Monday, November 2nd. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of GBX 220.80.

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.