Grainger (LON:GRI) Shares Pass Above Two Hundred Day Moving Average – Here’s What Happened

Grainger plc (LON:GRI) shares crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 190.60 and traded as high as GBX 195.80. Grainger shares last traded at GBX 195.80, with a volume of 1,373,791 shares.

Analyst Ratings Changes

Several equities research analysts have recently commented on GRI shares. Berenberg Bank boosted their price target on Grainger from GBX 260 to GBX 285 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Jefferies Financial Group boosted their target price on Grainger from GBX 267 to GBX 270 and gave the stock a “buy” rating in a research report on Tuesday, October 28th. Finally, Peel Hunt dropped their price target on Grainger from GBX 220 to GBX 200 and set a “hold” rating for the company in a research report on Thursday, January 8th. Two analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of GBX 251.67.

Grainger Stock Up 0.7%

The company has a market cap of £1.41 billion, a PE ratio of 7.00, a P/E/G ratio of 1.51 and a beta of 0.71. The firm has a 50-day simple moving average of GBX 188.48 and a two-hundred day simple moving average of GBX 190.60. The company has a debt-to-equity ratio of 84.49, a current ratio of 4.49 and a quick ratio of 0.87.

Grainger (LON:GRI) last posted its quarterly earnings data on Thursday, November 20th. The company reported GBX 9.30 EPS for the quarter. Grainger had a negative return on equity of 0.06% and a negative net margin of 0.40%. Research analysts anticipate that Grainger plc will post 10.4590732 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Grainger news, insider Michael Brodtman purchased 16,129 shares of the business’s stock in a transaction on Thursday, November 27th. The stock was bought at an average cost of GBX 186 per share, for a total transaction of £29,999.94. Also, insider Robert Hudson sold 46,435 shares of the company’s stock in a transaction on Friday, February 6th. The shares were sold at an average price of GBX 189, for a total value of £87,762.15. In the last ninety days, insiders have bought 16,611 shares of company stock valued at $3,089,570 and have sold 164,321 shares valued at $30,113,581. 1.45% of the stock is owned by corporate insiders.

About Grainger

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.