Grainger (LON:GRI) Insider Buys 87 Shares of Stock

Grainger plc (LON:GRI) insider Helen Gordon bought 87 shares of the stock in a transaction dated Tuesday, September 8th. The shares were acquired at an average price of GBX 171 per share, with a total value of £148.77.

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

• On Friday, August 7th, Helen Gordon purchased 87 shares of Grainger stock. The stock was bought at an average cost of GBX 174 per share, for a total transaction of £151.38.
• On Wednesday, July 8th, Helen Gordon purchased 88 shares of Grainger stock. The stock was bought at an average price of GBX 170 per share, for a total transaction of £149.60.

Grainger Stock Down 1.8%

GRI stock traded down GBX 3 on Wednesday, reaching GBX 168. 1,832,149 shares of the company traded hands, compared to its average volume of 12,382,724. The firm has a fifty day simple moving average of GBX 174.08 and a 200-day simple moving average of GBX 169.63. The company has a market cap of £1.25 billion, a P/E ratio of 9.49, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. Grainger plc has a one year low of GBX 118.30 and a one year high of GBX 202.79. The company has a debt-to-equity ratio of 83.71, a current ratio of 2.04 and a quick ratio of 0.87.

Analysts Set New Price Targets

Several analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Grainger from GBX 238 to GBX 224 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 210 target price on shares of Grainger in a report on Monday. Finally, Berenberg Bank dropped their target price on shares of Grainger from GBX 285 to GBX 227 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat, Grainger currently has an average rating of “Moderate Buy” and an average price target of GBX 222.80.

Grainger Company Profile

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.