Insider Buying: Grainger (LON:GRI) Insider Acquires 94 Shares of Stock

Grainger plc (LON:GRI) insider Helen Gordon bought 94 shares of the company’s stock in a transaction that occurred on Tuesday, May 5th. The shares were bought at an average price of GBX 159 per share, with a total value of £149.46.

Helen Gordon also recently made the following trade(s):

• On Tuesday, March 3rd, Helen Gordon bought 82 shares of Grainger stock. The shares were bought at an average price of GBX 183 per share, with a total value of £150.06.

Grainger Trading Up 4.9%

Shares of GRI stock opened at GBX 167.20 on Wednesday. The stock has a market capitalization of £1.24 billion, a PE ratio of 6.12, a P/E/G ratio of 1.51 and a beta of 0.78. Grainger plc has a 1-year low of GBX 118.30 and a 1-year high of GBX 230. The business has a 50-day moving average of GBX 171.99 and a 200 day moving average of GBX 182.89. The company has a debt-to-equity ratio of 78.26, a current ratio of 2.71 and a quick ratio of 0.87.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on GRI shares. Citigroup dropped their target price on Grainger from GBX 298 to GBX 253 and set a “buy” rating for the company in a report on Thursday, April 2nd. Berenberg Bank increased their target price on Grainger from GBX 260 to GBX 285 and gave the company a “buy” rating in a report on Tuesday, January 27th. Finally, Peel Hunt dropped their target price on Grainger from GBX 220 to GBX 200 and set a “hold” rating for the company in a report on Thursday, January 8th. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 252.

About Grainger

Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK’s largest listed residential landlord, a Real Estate Investment Trust (REIT) and a leader in the fast-growing build-to-rent sector, providing c.11,000 rental homes to over 25,000 customers. With a pipeline of secured build-to-rent development projects totalling c.4,300 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.

Grainger works in partnership with a large number of public sector organisations to deliver new homes to local communities, including Transport for London, Network Rail, the Ministry of Defence, Lewisham Borough Council and the Local Pensions Partnership.

The Grainger team is dedicated to the common purpose of Renting Homes, Enriching Lives, backed by a set of core values.