Grainger (LON:GRI) Insider Buys 81 Shares of Stock

Grainger plc (LON:GRI) insider Robert Hudson acquired 81 shares of the firm’s stock in a transaction on Friday, November 6th. The stock was purchased at an average price of GBX 185 per share, with a total value of £149.85.

Robert Hudson also recently made the following trade(s):

• On Thursday, October 8th, Robert Hudson acquired 93 shares of Grainger stock. The shares were purchased at an average cost of GBX 162 per share, with a total value of £150.66.
• On Tuesday, September 8th, Robert Hudson acquired 87 shares of Grainger stock. The shares were purchased at an average cost of GBX 171 per share, with a total value of £148.77.

Grainger Stock Performance

Shares of GRI stock opened at GBX 187 on Tuesday. Grainger plc has a 12 month low of GBX 149.44 and a 12 month high of GBX 202.79. The stock has a market cap of £1.39 billion, a PE ratio of 10.56, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. The company has a current ratio of 2.04, a quick ratio of 0.87 and a debt-to-equity ratio of 83.71. The company’s fifty day moving average price is GBX 171.53 and its 200-day moving average price is GBX 172.49.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the stock. Jefferies Financial Group reissued a “buy” rating and set a GBX 200 price objective on shares of Grainger in a research note on Monday, November 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Grainger from GBX 238 to GBX 224 and set a “buy” rating for the company in a research note on Monday, August 3rd. Four equities research 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 a consensus rating of “Moderate Buy” and an average target price of GBX 220.80.

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.