Grainger plc (LON:GRI - Get Free Report) shares reached a new 52-week low during trading on Tuesday . The stock traded as low as GBX 211.50 ($2.59) and last traded at GBX 214.50 ($2.62), with a volume of 1508064 shares traded. The stock had previously closed at GBX 214.50 ($2.62).
Analyst Ratings Changes
A number of equities analysts recently commented on GRI shares. Berenberg Bank restated a "buy" rating and set a GBX 299 ($3.66) target price on shares of Grainger in a report on Friday, November 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a GBX 336 ($4.11) price objective on shares of Grainger in a research report on Friday, November 22nd.
View Our Latest Stock Report on Grainger
Grainger Stock Performance
The firm has a 50 day moving average of GBX 226.72 and a two-hundred day moving average of GBX 235.53. The company has a debt-to-equity ratio of 84.35, a current ratio of 3.81 and a quick ratio of 0.87. The stock has a market cap of £1.58 billion, a PE ratio of 8,183.33, a PEG ratio of 1.51 and a beta of 0.71.
Grainger Increases Dividend
The business also recently disclosed a dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, January 16th will be paid a GBX 5.01 ($0.06) dividend. This represents a yield of 2.26%. The ex-dividend date of this dividend is Thursday, January 16th. This is an increase from Grainger's previous dividend of $2.54.
Insider Transactions at Grainger
In related news, insider Robert Hudson sold 48,642 shares of the firm's stock in a transaction dated Thursday, December 19th. The stock was sold at an average price of GBX 220 ($2.69), for a total transaction of £107,012.40 ($130,950.07). Insiders own 1.92% of the company's stock.
Grainger Company Profile
(
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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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