Grainger (LON:GRI) Sets New 1-Year Low - Time to Sell?

Grainger plc (LON:GRI - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The stock traded as low as GBX 205 ($2.55) and last traded at GBX 206.83 ($2.58), with a volume of 4157965 shares trading hands. The stock had previously closed at GBX 209.60 ($2.61).

Analyst Ratings Changes

Several brokerages have commented on GRI. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 336 ($4.19) target price on shares of Grainger in a research report on Friday, November 22nd. Berenberg Bank reissued a "buy" rating and issued a GBX 299 ($3.73) price target on shares of Grainger in a report on Friday, November 29th.

Grainger Stock Performance

The stock has a market capitalization of £1.56 billion, a price-to-earnings ratio of 8,183.33, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. The company has a current ratio of 3.81, a quick ratio of 0.87 and a debt-to-equity ratio of 84.35. The stock's 50 day moving average is GBX 224.48 and its two-hundred day moving average is GBX 233.91.

Grainger (LON:GRI - Get Free Report) last announced its earnings results on Thursday, November 21st. The company reported GBX 9.30 ($0.12) earnings per share for the quarter. Grainger had a negative net margin of 0.41% and a negative return on equity of 0.06%. Analysts expect that Grainger plc will post 10.4590732 earnings per share for the current fiscal year.

Grainger Increases Dividend

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

Insider Activity at Grainger

In other Grainger news, insider Robert Hudson sold 48,642 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of GBX 220 ($2.74), for a total transaction of £107,012.40 ($133,365.40). Also, insider Helen Gordon sold 29,992 shares of the business's stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of GBX 215 ($2.68), for a total value of £64,482.80 ($80,362.41). 1.92% of the stock is currently owned by company insiders.

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.