Robert Hudson Sells 48,642 Shares of Grainger plc (LON:GRI) Stock

Grainger plc (LON:GRI - Get Free Report) insider Robert Hudson sold 48,642 shares of the company's stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of GBX 220 ($2.76), for a total transaction of £107,012.40 ($134,151.18).

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

• On Wednesday, December 4th, Robert Hudson bought 64 shares of Grainger stock. The shares were acquired at an average price of GBX 232 ($2.91) per share, with a total value of £148.48 ($186.14).

Grainger Price Performance

LON:GRI remained flat at GBX 223.50 ($2.80) during trading hours on Monday. 638,266 shares of the company were exchanged, compared to its average volume of 1,661,668. 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 company has a market cap of £1.65 billion, a P/E ratio of 8,183.33, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. Grainger plc has a 12-month low of GBX 216.50 ($2.71) and a 12-month high of GBX 276 ($3.46). The business has a 50 day moving average of GBX 231.51 and a 200-day moving average of GBX 237.47.

Grainger Increases Dividend

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

Analysts Set New Price Targets

A number of brokerages have recently commented on GRI. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a GBX 336 ($4.21) price objective on shares of Grainger in a research report on Friday, November 22nd. Berenberg Bank reaffirmed a "buy" rating and set a GBX 299 ($3.75) target price on shares of Grainger in a report on Friday, November 29th.

Grainger Company Profile

Grainger plc, together with its subsidiaries, owns, operates, and manages private rental homes in the United Kingdom. The company was formerly known as Grainger Trust Plc and changed the name to Grainger Plc in March 2007. Grainger plc was incorporated in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.