Grainger plc (LON:GRI - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 236.76 ($2.96) and traded as low as GBX 220.53 ($2.76). Grainger shares last traded at GBX 222 ($2.78), with a volume of 939,993 shares trading hands.
Analysts Set New Price Targets
Several analysts have recently weighed in on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a GBX 336 ($4.20) price objective on shares of Grainger in a report on Friday, November 22nd. Berenberg Bank restated a "buy" rating and issued a GBX 299 ($3.74) target price on shares of Grainger in a research note on Friday, November 29th.
Check Out Our Latest Stock Report on Grainger
Grainger Trading Up 1.4 %
The stock has a market cap of £1.66 billion, a P/E ratio of 8,183.33, a P/E/G ratio of 1.51 and a beta of 0.71. The company has a debt-to-equity ratio of 84.35, a quick ratio of 0.87 and a current ratio of 3.81. The company has a 50-day simple moving average of GBX 229 and a 200-day simple moving average of GBX 236.66.
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 given 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 a boost from Grainger's previous dividend of $2.54.
Insider Buying and Selling 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 ($2.75), for a total value of £107,012.40 ($133,916.16). Corporate insiders own 1.92% of the company's stock.
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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