Robert Hudson Acquires 88 Shares of Grainger (LON:GRI) Stock

Grainger plc (LON:GRI) insider Robert Hudson purchased 88 shares of the business’s stock in a transaction dated Wednesday, July 8th. The stock was bought at an average price of GBX 170 per share, for a total transaction of £149.60.

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

• On Tuesday, May 5th, Robert Hudson purchased 94 shares of Grainger stock. The stock was bought at an average cost of GBX 159 per share, for a total transaction of £149.46.

Grainger Trading Up 1.1%

GRI traded up GBX 1.99 on Friday, reaching GBX 174.78. 1,773,611 shares of the company traded hands, compared to its average volume of 12,584,794. The company has a market cap of £1.29 billion, a P/E ratio of 6.40, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. 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 one year low of GBX 118.30 and a one year high of GBX 213. The firm has a fifty day simple moving average of GBX 161.70 and a two-hundred day simple moving average of GBX 174.35.

Grainger (LON:GRI) last issued its earnings results on Thursday, May 14th. The company reported GBX 4.20 EPS for the quarter. The business had revenue of £113.70 million for the quarter. Grainger had a net margin of 54.91% and a return on equity of 6.53%. As a group, equities research analysts expect that Grainger plc will post 10.4590732 earnings per share for the current year.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Berenberg Bank lowered their target price on Grainger from GBX 285 to GBX 227 and set a “buy” rating on the stock in a research note on Wednesday, May 27th. Citigroup dropped their price target on shares of Grainger from GBX 298 to GBX 253 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Grainger from GBX 336 to GBX 238 and set a “buy” rating for the company in a research report on Friday, May 15th. Finally, Jefferies Financial Group lowered their target price on shares of Grainger from GBX 232 to GBX 210 and set a “buy” rating on the stock in a research note on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of GBX 225.60.

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.