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

Key Points

• Insider trade: Director Robert Hudson bought 94 shares at GBX 159 on May 5 (total £149.46) after previously selling 46,435 shares at GBX 189 on Feb 6 for about £87,762, highlighting a small buy following a large sale.
• Analyst sentiment: The stock has a consensus rating of "Moderate Buy" with a consensus price target of GBX 252; recent notes include Berenberg raising its target to GBX 285 (buy) while Peel Hunt cut to GBX 200 (hold) and Citi lowered to GBX 253 (buy).
• Company and stock snapshot: Grainger is the UK's largest listed residential landlord (a REIT) with ~11,000 homes and a c.4,300-home pipeline worth ~£1.3bn; the stock has a market cap of £1.24bn, a P/E of 6.12, and was trading up ~4.9% at GBX 167.20.

Grainger plc (LON:GRI - Get Free Report) insider Robert Hudson acquired 94 shares of the stock in a transaction that occurred on Tuesday, May 5th. The stock was acquired at an average price of GBX 159 per share, with a total value 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 stock was sold at an average price of GBX 189, for a total value of £87,762.15.

Grainger Trading Up 4.9%

Shares of Grainger stock opened at GBX 167.20 on Wednesday. The firm has a market capitalization of £1.24 billion, a price-to-earnings ratio of 6.12, a PEG ratio of 1.51 and a beta of 0.78. Grainger plc has a fifty-two week low of GBX 118.30 and a fifty-two week high of GBX 230. The company has a debt-to-equity ratio of 78.26, a quick ratio of 0.87 and a current ratio of 2.71. The stock has a 50 day moving average of GBX 171.99 and a 200 day moving average of GBX 182.89.

Analyst Upgrades and Downgrades

GRI has been the subject of several research analyst reports. Berenberg Bank raised their price target on Grainger from GBX 260 to GBX 285 and gave the stock a "buy" rating in a research report on Tuesday, January 27th. Peel Hunt lowered their price target on Grainger from GBX 220 to GBX 200 and set a "hold" rating for the company in a research report on Thursday, January 8th. Finally, Citigroup lowered their price target on Grainger from GBX 298 to GBX 253 and set a "buy" rating for the company in a research report on Thursday, April 2nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of GBX 252.

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.

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