Insider Buying: Grainger (LON:GRI) Insider Acquires £151.38 in Stock

Grainger plc (LON:GRI) insider Helen Gordon bought 87 shares of the stock in a transaction dated Friday, August 7th. The stock was purchased at an average price of GBX 174 per share, with a total value of £151.38.

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

• On Wednesday, July 8th, Helen Gordon bought 88 shares of Grainger stock. The shares were acquired at an average price of GBX 170 per share, with a total value of £149.60.

Grainger Trading Down 1.1%

GRI traded down GBX 1.92 during trading hours on Monday, reaching GBX 174.38. 1,604,194 shares of the company’s stock traded hands, compared to its average volume of 12,695,096. The firm has a market capitalization of £1.29 billion, a PE ratio of 6.39, a PEG ratio of 1.51 and a beta of 0.78. Grainger plc has a 52-week low of GBX 118.30 and a 52-week high of GBX 212.50. The company has a quick ratio of 0.87, a current ratio of 2.04 and a debt-to-equity ratio of 83.71. The firm has a 50-day moving average price of GBX 169.38 and a 200 day moving average price of GBX 172.71.

Grainger (LON:GRI) last announced its quarterly earnings data on Thursday, May 14th. The company reported GBX 4.20 earnings per share for the quarter. The company had revenue of £113.70 million during the quarter. Grainger had a net margin of 54.91% and a return on equity of 6.53%. As a group, sell-side analysts predict that Grainger plc will post 10.4590732 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on GRI. Deutsche Bank Aktiengesellschaft lowered their target price on Grainger from GBX 238 to GBX 224 and set a “buy” rating for the company in a report on Monday, August 3rd. Jefferies Financial Group decreased their price objective on Grainger from GBX 232 to GBX 210 and set a “buy” rating for the company in a report on Friday, May 15th. Finally, Berenberg Bank lowered their price objective on shares of Grainger from GBX 285 to GBX 227 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock 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.