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

Key Points

• Insider purchase: Director Helen Gordon bought 94 shares on May 5 at GBX 159 (total £149.46) and previously bought 82 shares on March 3 at GBX 183, signalling small insider accumulation.
• Analyst sentiment: Three analysts rate Grainger as a "Buy" and one as a "Hold," giving an average target of GBX 252 with individual targets ranging from GBX 200 to GBX 285.
• Valuation and trading: Grainger has a market cap of £1.24bn and a low P/E of 6.12, with the stock trading around GBX 167.20 and a 12‑month range of GBX 118.30–230.

Grainger plc (LON:GRI - Get Free Report) insider Helen Gordon bought 94 shares of the firm's stock in a transaction on Tuesday, May 5th. The stock was acquired at an average price of GBX 159 per share, for a total transaction of £149.46.

Helen Gordon also recently made the following trade(s):

• On Tuesday, March 3rd, Helen Gordon bought 82 shares of Grainger stock. The stock was acquired at an average price of GBX 183 per share, for a total transaction of £150.06.

Grainger Price Performance

Shares of LON GRI opened at GBX 167.20 on Wednesday. The firm has a market capitalization of £1.24 billion, a P/E ratio of 6.12, a P/E/G ratio of 1.51 and a beta of 0.78. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 78.26. The stock's 50-day simple moving average is GBX 171.99 and its two-hundred day simple moving average is GBX 182.89. Grainger plc has a twelve month low of GBX 118.30 and a twelve month high of GBX 230.

Analysts Set New Price Targets

GRI has been the subject of a number of research reports. Citigroup cut their price objective on Grainger from GBX 298 to GBX 253 and set a "buy" rating for the company in a report on Thursday, April 2nd. Peel Hunt cut their price objective on Grainger from GBX 220 to GBX 200 and set a "hold" rating for the company in a report on Thursday, January 8th. Finally, Berenberg Bank upped their price objective on Grainger from GBX 260 to GBX 285 and gave the stock a "buy" rating in a report on Tuesday, January 27th. Three research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average 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.

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