Grainger plc (LON:GRI) Insider Buys £149.76 in Stock

Grainger plc (LON:GRI - Get Free Report) insider Robert Hudson bought 72 shares of the business's stock in a transaction on Monday, February 3rd. The stock was bought at an average price of GBX 208 ($2.59) per share, with a total value of £149.76 ($186.25).

Robert Hudson also recently made the following trade(s):

• On Thursday, December 19th, Robert Hudson sold 48,642 shares of Grainger stock. The stock was sold at an average price of GBX 220 ($2.74), for a total value of £107,012.40 ($133,083.45).
• On Wednesday, December 4th, Robert Hudson purchased 64 shares of Grainger stock. The shares were purchased at an average price of GBX 232 ($2.89) per share, with a total value of £148.48 ($184.65).

Grainger Stock Down 0.9 %

Shares of LON GRI traded down GBX 2 ($0.02) during mid-day trading on Thursday, reaching GBX 218.50 ($2.72). 1,919,263 shares of the company traded hands, compared to its average volume of 3,712,698. The company's fifty day moving average is GBX 221.58 and its two-hundred day moving average is GBX 232.02. The company has a debt-to-equity ratio of 84.35, a quick ratio of 0.87 and a current ratio of 3.81. Grainger plc has a fifty-two week low of GBX 205 ($2.55) and a fifty-two week high of GBX 276 ($3.43). The stock has a market cap of £1.61 billion, a PE ratio of 8,183.33, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71.

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

Grainger Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, February 21st. Investors of record on Thursday, January 16th will be issued 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.

Analysts Set New Price Targets

GRI has been the subject of a number of analyst reports. Berenberg Bank reiterated a "buy" rating and issued a GBX 299 ($3.72) target price on shares of Grainger in a research note on Friday, November 29th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a GBX 336 ($4.18) price objective on shares of Grainger in a research note on Friday, November 22nd.

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.