Grainger (LON:GRI) Sets New 12-Month Low – Time to Sell?

Grainger plc (LON:GRI)’s stock price hit a new 52-week low on Wednesday . The stock traded as low as GBX 215 ($2.68) and last traded at GBX 216.50 ($2.70), with a volume of 303400 shares changing hands. The stock had previously closed at GBX 221.50 ($2.76).

Wall Street Analysts Forecast Growth

Several research analysts have commented on GRI shares. Berenberg Bank restated a “buy” rating and issued a GBX 299 ($3.73) target price on shares of Grainger in a research report on Friday, November 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 336 ($4.19) target price on shares of Grainger in a research report on Friday, November 22nd.

Grainger Stock Down 3.2 %

The firm’s fifty day moving average is GBX 227.84 and its two-hundred day moving average is GBX 236.18. The firm has a market cap of £1.58 billion, a price-to-earnings ratio of 8,183.33, a P/E/G ratio of 1.51 and a beta of 0.71. The company has a debt-to-equity ratio of 84.35, a current ratio of 3.81 and a quick ratio of 0.87.

Grainger Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 16th will be issued a GBX 5.01 ($0.06) dividend. This is a positive change from Grainger’s previous dividend of $2.54. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 2.26%.

Insider Buying and Selling

In related news, insider Robert Hudson sold 48,642 shares of the firm’s stock in a transaction that occurred on Thursday, December 19th. The shares were sold at an average price of GBX 220 ($2.74), for a total transaction of £107,012.40 ($133,498.50). 1.92% of the stock is owned by corporate insiders.

Grainger Company Profile

Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK’s largest listed residential landlord and leader in the fast-growing build-to-rent sector, providing c.11,100 rental homes to over 20,000 customers. With a pipeline of secured build-to-rent development projects totalling c.5,000 homes and £1.5bn, Grainger is creating thousands more rental homes by investing in cities across the UK.