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

Grainger plc (LON:GRI) insider Robert Hudson purchased 88 shares of Grainger stock in a transaction dated Wednesday, July 8th. The shares were bought at an average price of GBX 170 per share, with a total value 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, with a total value of £149.46.

Grainger Stock Up 0.3%

Grainger stock traded up GBX 0.50 during mid-day trading on Friday, reaching GBX 173.30. The stock had a trading volume of 1,307,942 shares, compared to its average volume of 12,581,266. The company has a market capitalization of £1.28 billion, a price-to-earnings ratio of 6.35, a PEG ratio of 1.51 and a beta of 0.78. The company has a 50-day moving average price of GBX 162.02 and a two-hundred day moving average price of GBX 174.35. Grainger plc has a one year low of GBX 118.30 and a one year high of GBX 213. The company has a debt-to-equity ratio of 83.71, a current ratio of 2.04 and a quick ratio of 0.87.

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

Analyst Ratings Changes

Several brokerages recently weighed in on GRI. Jefferies Financial Group reduced their price target on shares of Grainger from GBX 232 to GBX 210 and set a “buy” rating for the company in a research report on Friday, May 15th. Citigroup lowered their price objective on Grainger from GBX 298 to GBX 253 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Berenberg Bank cut 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. Finally, Deutsche Bank Aktiengesellschaft reduced their target price on Grainger from GBX 336 to GBX 238 and set a “buy” rating for the company in a report on Friday, May 15th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.