Grainger (LON:GRI) Reaches New 1-Year Low - Should You Sell?

Grainger plc (LON:GRI - Get Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as GBX 210.50 ($2.60) and last traded at GBX 210.50 ($2.60), with a volume of 2230025 shares traded. The stock had previously closed at GBX 216 ($2.66).

Analyst Upgrades and Downgrades

A number of analysts recently commented on GRI shares. Berenberg Bank reiterated a "buy" rating and set a GBX 299 ($3.69) price objective on shares of Grainger in a research report on Friday, November 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 336 ($4.14) target price on shares of Grainger in a research note on Friday, November 22nd.

Grainger Stock Down 2.8 %

The firm has a market cap of £1.55 billion, a P/E ratio of 8,183.33, a PEG ratio of 1.51 and a beta of 0.71. The firm's 50-day moving average price is GBX 225.72 and its 200 day moving average price is GBX 234.81. The company has a debt-to-equity ratio of 84.35, a current ratio of 3.81 and a quick ratio of 0.87.

Grainger Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, January 16th will be given a dividend of GBX 5.01 ($0.06) per share. This represents a dividend yield of 2.26%. The ex-dividend date is Thursday, January 16th. This is an increase from Grainger's previous dividend of $2.54.

Insider Activity

In related news, insider Helen Gordon sold 29,992 shares of the firm's stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of GBX 215 ($2.65), for a total value of £64,482.80 ($79,510.23). Also, insider Robert Hudson sold 48,642 shares of the business's stock in a transaction on Thursday, December 19th. The stock was sold at an average price of GBX 220 ($2.71), for a total value of £107,012.40 ($131,951.17). Corporate insiders own 1.92% of the company's stock.

Grainger Company Profile

Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK's largest listed residential landlord and leader in the fast-growing build-to-rent sector, providing c.11,100 rental homes to over 20,000 customers. With a pipeline of secured build-to-rent development projects totalling c.5,000 homes and £1.5bn, Grainger is creating thousands more rental homes by investing in cities across the UK.