Insider Buying: Grainger PLC (LON:GRI) Insider Buys £302.94 in Stock

Grainger PLC (LON:GRI) insider Vanessa Simms acquired 102 shares of the business’s stock in a transaction dated Friday, July 3rd. The stock was bought at an average cost of GBX 297 ($3.65) per share, with a total value of £302.94 ($372.80).

Shares of Grainger stock opened at GBX 300.80 ($3.70) on Thursday. The business has a fifty day simple moving average of GBX 284.69 and a two-hundred day simple moving average of GBX 284.95. Grainger PLC has a 1 year low of GBX 189.76 ($2.34) and a 1 year high of GBX 341.80 ($4.21). The company has a market capitalization of $2.04 billion and a price-to-earnings ratio of 17.59. The company has a debt-to-equity ratio of 88.74, a current ratio of 11.65 and a quick ratio of 3.39.

The firm also recently declared a dividend, which was paid on Friday, July 3rd. Shareholders of record on Thursday, May 28th were issued a dividend of GBX 1.83 ($0.02) per share. This represents a yield of 0.7%. The ex-dividend date of this dividend was Thursday, May 28th. Grainger’s dividend payout ratio is 29.24%.

Several equities research analysts have recently commented on the company. Berenberg Bank reissued a “buy” rating on shares of Grainger in a report on Friday, July 3rd. Jefferies Financial Group raised Grainger to a “buy” rating in a report on Thursday, April 2nd. Peel Hunt reissued an “add” rating on shares of Grainger in a report on Monday, June 29th. JPMorgan Chase & Co. cut their price objective on Grainger from GBX 370 ($4.55) to GBX 285 ($3.51) and set an “overweight” rating for the company in a report on Tuesday, April 7th. Finally, Barclays increased their price objective on Grainger from GBX 265 ($3.26) to GBX 270 ($3.32) and gave the company an “equal weight” rating in a report on Friday, May 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Grainger has a consensus rating of “Buy” and a consensus price target of GBX 305.83 ($3.76).

Grainger Company Profile

Grainger plc, together with its subsidiaries, owns, develops, manages, and rents residential properties in the United Kingdom. The company operates through three segments: Residential, Development, and Funds. It also provides property and asset management services. The company was founded in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.

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