Insider Selling: Grainger (LON:GRI) Insider Sells £87,762.15 in Stock

Grainger plc (LON:GRI) insider Robert Hudson sold 46,435 shares of the stock in a transaction on Friday, February 6th. The stock was sold at an average price of GBX 189, for a total transaction of £87,762.15.

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

• On Tuesday, February 3rd, Robert Hudson acquired 77 shares of Grainger stock. The stock was acquired at an average cost of GBX 193 per share, with a total value of £148.61.
• On Friday, January 2nd, Robert Hudson acquired 83 shares of Grainger stock. The stock was acquired at an average price of GBX 181 per share, with a total value of £150.23.
• 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 bought 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 Price Performance

Shares of LON:GRI opened at GBX 190.48 on Friday. The stock has a market capitalization of £1.41 billion, a P/E ratio of 6.98, a P/E/G ratio of 1.51 and a beta of 0.71. The business has a 50-day moving average of GBX 187.70 and a two-hundred day moving average of GBX 190.97. Grainger plc has a fifty-two week low of GBX 118.30 and a fifty-two week high of GBX 230. 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 issued 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%. On average, equities research analysts predict that Grainger plc will post 10.4590732 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on GRI. Peel Hunt reduced their price objective 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. Jefferies Financial Group lifted their target price on shares of Grainger from GBX 267 to GBX 270 and gave the stock a “buy” rating in a report on Tuesday, October 28th. Finally, Berenberg Bank upped their price target on shares of Grainger from GBX 260 to GBX 285 and gave the company a “buy” rating in a report on Tuesday, January 27th. Two research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of GBX 251.67.

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.