Grainger (LON:GRI) Stock: Insider Robert Hudson Acquires 81 Shares

Grainger plc (LON:GRI) insider Robert Hudson purchased 81 shares of the company’s stock in a transaction that occurred on Friday, November 6th. The stock was purchased at an average price of GBX 185 per share, for a total transaction of £149.85.

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

• On Thursday, October 8th, Robert Hudson acquired 93 shares of Grainger stock. The shares were purchased at an average cost of GBX 162 per share, for a total transaction of £150.66.
• On Tuesday, September 8th, Robert Hudson acquired 87 shares of Grainger stock. The shares were purchased at an average price of GBX 171 per share, with a total value of £148.77.

Grainger Stock Up 1.3%

LON:GRI opened at GBX 187 on Tuesday. The company has a debt-to-equity ratio of 83.71, a quick ratio of 0.87 and a current ratio of 2.04. The firm has a market cap of £1.39 billion, a P/E ratio of 10.56, a P/E/G ratio of 1.51 and a beta of 0.78. Grainger plc has a fifty-two week low of GBX 149.44 and a fifty-two week high of GBX 202.79. The firm has a 50-day simple moving average of GBX 171.53 and a two-hundred day simple moving average of GBX 172.49.

Analyst Upgrades and Downgrades

GRI has been the subject of several analyst reports. Jefferies Financial Group reissued a “buy” rating and set a GBX 200 price target on shares of Grainger in a research report on Monday, November 2nd. Deutsche Bank Aktiengesellschaft lowered their price objective on Grainger from GBX 238 to GBX 224 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of GBX 220.80.

About Grainger

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.