Robert Hudson Acquires 83 Shares of Grainger (LON:GRI) Stock

Grainger plc (LON:GRI) insider Robert Hudson bought 83 shares of the company’s stock in a transaction on Friday, January 2nd. The shares were purchased at an average cost of GBX 181 per share, for a total transaction of £150.23.

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

• On Monday, December 22nd, Robert Hudson sold 25,820 shares of Grainger stock. The stock was sold at an average price of GBX 181, for a total transaction of £46,734.20.
• On Tuesday, December 2nd, Robert Hudson purchased 81 shares of Grainger stock. The shares were bought at an average price of GBX 184 per share, for a total transaction of £149.04.

Grainger Stock Performance

Grainger stock opened at GBX 178.80 on Monday. Grainger plc has a fifty-two week low of GBX 118.30 and a fifty-two week high of GBX 230. The stock has a market cap of £1.32 billion, a P/E ratio of 6.55, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. The firm’s fifty day moving average price is GBX 185.38 and its 200-day moving average price is GBX 194.74. The company has a debt-to-equity ratio of 84.49, a quick ratio of 0.87 and a current ratio of 4.49.

Grainger (LON:GRI) last announced its quarterly earnings results 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%. On average, equities research analysts expect that Grainger plc will post 10.4590732 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

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.