Grainger plc (LON:GRI - Get Free Report)'s share price reached a new 52-week low on Wednesday . The stock traded as low as GBX 215 ($2.66) and last traded at GBX 216.50 ($2.68), with a volume of 303400 shares traded. The stock had previously closed at GBX 221.50 ($2.74).
Analyst Upgrades and Downgrades
A number of research analysts recently weighed in on the company. Berenberg Bank reaffirmed a "buy" rating and set a GBX 299 ($3.70) price objective on shares of Grainger in a research report on Friday, November 29th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 336 ($4.15) price target on shares of Grainger in a report on Friday, November 22nd.
Check Out Our Latest Stock Analysis on Grainger
Grainger Stock Performance
The company has a market capitalization of £1.59 billion, a PE 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 business's fifty day moving average is GBX 227.84 and its two-hundred day moving average is GBX 236.18.
Grainger Increases Dividend
The firm also recently declared a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 16th will be paid a GBX 5.01 ($0.06) dividend. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 2.26%. This is a boost from Grainger's previous dividend of $2.54.
Insider Activity at Grainger
In related 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 ($2.72), for a total value of £107,012.40 ($132,277.38). 1.92% of the stock is currently owned by insiders.
About Grainger
(
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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.
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