Insider Buying: Grainger (LON:GRI) Insider Buys £149.85 in Stock

Grainger plc (LON:GRI) insider Robert Hudson purchased 81 shares of the business’s stock in a transaction that occurred on Friday, November 6th. The stock was bought at an average cost of GBX 185 per share, with a total value of £149.85.

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

• On Thursday, October 8th, Robert Hudson acquired 93 shares of Grainger stock. The shares were bought at an average cost of GBX 162 per share, for a total transaction of £150.66.
• On Tuesday, September 8th, Robert Hudson acquired 87 shares of Grainger stock. The shares were bought at an average cost of GBX 171 per share, for a total transaction of £148.77.

Grainger Stock Down 0.3%

Shares of LON GRI opened at GBX 181.50 on Friday. The firm has a market cap of £1.35 billion, a price-to-earnings ratio of 10.25, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. The company’s 50-day simple moving average is GBX 172.26 and its 200-day simple moving average is GBX 172.29. The company has a quick ratio of 0.87, a current ratio of 2.04 and a debt-to-equity ratio of 83.71. Grainger plc has a 52-week low of GBX 149.44 and a 52-week high of GBX 202.79.

Analyst Ratings Changes

A number of equities research analysts have recently commented on GRI shares. Deutsche Bank reduced their target price on shares of Grainger from GBX 238 to GBX 224 and set a “buy” rating for the company in a research report on Monday, August 3rd. Jefferies Financial Group reissued a “buy” rating and set a GBX 200 price target on shares of Grainger in a research report on Monday, November 2nd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of GBX 220.80.

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.