Grainger (LON:GRI) Stock Price Crosses Above 200 Day Moving Average of $308.04

Grainger plc (LON:GRI)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 308.04 ($4.18) and traded as high as GBX 310.40 ($4.21). Grainger shares last traded at GBX 301.80 ($4.10), with a volume of 558,200 shares trading hands.

Several equities analysts have recently commented on GRI shares. Peel Hunt reaffirmed a “buy” rating and issued a GBX 370 ($5.02) target price on shares of Grainger in a research report on Thursday, November 18th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 370 ($5.02) target price on shares of Grainger in a research report on Thursday, November 18th. Berenberg Bank upped their target price on Grainger from GBX 375 ($5.09) to GBX 390 ($5.29) and gave the company a “buy” rating in a research report on Friday, November 19th. Finally, JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a GBX 370 ($5.02) target price on shares of Grainger in a research report on Monday, November 29th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, Grainger currently has an average rating of “Buy” and an average price target of GBX 357.50 ($4.85).

The firm has a market cap of £2.24 billion and a price-to-earnings ratio of 18.75. The company has a debt-to-equity ratio of 77.82, a current ratio of 8.45 and a quick ratio of 3.23. The stock has a 50-day moving average of GBX 310.29 and a 200-day moving average of GBX 308.04.

The business also recently declared a dividend, which will be paid on Monday, February 14th. Investors of record on Thursday, December 30th will be given a dividend of GBX 3.32 ($0.05) per share. The ex-dividend date is Thursday, December 30th. This represents a yield of 1.04%. This is an increase from Grainger’s previous dividend of $1.83. Grainger’s dividend payout ratio is currently 0.34%.

In related news, insider Helen Gordon purchased 96 shares of Grainger stock in a transaction that occurred on Friday, December 3rd. The shares were acquired at an average price of GBX 309 ($4.19) per share, with a total value of £296.64 ($402.66).

About Grainger (LON:GRI)

Grainger plc, together with its subsidiaries, owns, develops, manages, and rents residential properties in the United Kingdom. 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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