Grainger (LON:GRI) Insider Acquires £149.46 in Stock

Grainger plc (LON:GRI) insider Robert Hudson bought 94 shares of Grainger stock in a transaction on Tuesday, May 5th. The shares were acquired at an average price of GBX 159 per share, for a total transaction of £149.46.

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

• On Friday, February 6th, Robert Hudson sold 46,435 shares of Grainger stock. The shares were sold at an average price of GBX 189, for a total value of £87,762.15.

Grainger Trading Up 4.9%

LON:GRI opened at GBX 167.20 on Wednesday. The firm has a market cap of £1.24 billion, a PE ratio of 6.12, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. The stock has a fifty day moving average price of GBX 171.99 and a 200 day moving average price of GBX 182.89. Grainger plc has a 12-month low of GBX 118.30 and a 12-month high of GBX 230. The company has a current ratio of 2.71, a quick ratio of 0.87 and a debt-to-equity ratio of 78.26.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. Citigroup decreased their target price on Grainger from GBX 298 to GBX 253 and set a “buy” rating for the company in a report on Thursday, April 2nd. Berenberg Bank boosted their price target on shares of Grainger from GBX 260 to GBX 285 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Finally, Peel Hunt lowered their price target on shares of Grainger from GBX 220 to GBX 200 and set a “hold” rating for the company in a report on Thursday, January 8th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of GBX 252.

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.