Insider Buying: Grainger (LON:GRI) Insider Acquires 87 Shares of Stock

Grainger plc (LON:GRI) insider Robert Hudson bought 87 shares of Grainger stock in a transaction dated Friday, August 7th. The stock was acquired at an average cost of GBX 174 per share, for a total transaction of £151.38.

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

• On Wednesday, July 8th, Robert Hudson bought 88 shares of Grainger stock. The stock was acquired at an average price of GBX 170 per share, with a total value of £149.60.

Grainger Price Performance

GRI traded down GBX 1.92 during midday trading on Monday, hitting GBX 174.38. The company had a trading volume of 1,604,194 shares, compared to its average volume of 12,695,096. 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 company has a market capitalization of £1.29 billion, a PE ratio of 6.39, a P/E/G ratio of 1.51 and a beta of 0.78. The firm’s 50-day simple moving average is GBX 169.38 and its 200-day simple moving average is GBX 172.71. Grainger plc has a twelve month low of GBX 118.30 and a twelve month high of GBX 212.50.

Grainger (LON:GRI) last posted its quarterly earnings data on Thursday, May 14th. The company reported GBX 4.20 earnings per share (EPS) for the quarter. Grainger had a return on equity of 6.53% and a net margin of 54.91%.The firm had revenue of £113.70 million for the quarter. 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 recently issued reports on GRI. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Grainger from GBX 238 to GBX 224 and set a “buy” rating for the company in a report on Monday, August 3rd. Berenberg Bank dropped their target price on Grainger from GBX 285 to GBX 227 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Finally, Jefferies Financial Group reduced their price objective on shares of Grainger from GBX 232 to GBX 210 and set a “buy” rating for the company in a research note on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Grainger currently has a consensus rating of “Moderate Buy” and an average target price of GBX 222.80.

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.