Grainger (LON:GRI) Insider Robert Hudson Buys 87 Shares of Stock

Key Points

• Insider buying: Grainger insider Robert Hudson purchased 87 shares at GBX 174 each, worth £151.38, following an 88-share purchase in July.
• Stock performance: Grainger shares fell 1.1% to GBX 174.38 during midday trading, giving the company a market capitalization of approximately £1.29 billion.
• Analyst outlook: Despite recent price-target reductions, four analysts rate Grainger a Buy and one rates it Hold, resulting in a “Moderate Buy” consensus and an average target price of GBX 222.80.

Grainger plc (LON:GRI - Get Free Report) insider Robert Hudson bought 87 shares of Grainger stock in a transaction that occurred on Friday, August 7th. The stock was bought at an average cost of GBX 174 per share, for a total transaction of £151.38.

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

• On Wednesday, July 8th, Robert Hudson purchased 88 shares of Grainger stock. The shares were purchased at an average price of GBX 170 per share, with a total value of £149.60.

Grainger Trading Down 1.1%

GRI traded down GBX 1.92 during midday trading on Monday, hitting GBX 174.38. The company's stock had a trading volume of 1,604,194 shares, compared to its average volume of 12,695,096. The company has a current ratio of 2.04, a quick ratio of 0.87 and a debt-to-equity ratio of 83.71. The firm has a market cap of £1.29 billion, a P/E ratio of 6.39, a PEG ratio of 1.51 and a beta of 0.78. The firm has a 50-day moving average price of GBX 169.38 and a two-hundred day moving average price of GBX 172.71. Grainger plc has a 52-week low of GBX 118.30 and a 52-week high of GBX 212.50.

Grainger (LON:GRI - Get Free Report) last posted its earnings results on Thursday, May 14th. The company reported GBX 4.20 earnings per share (EPS) for the quarter. Grainger had a net margin of 54.91% and a return on equity of 6.53%. The firm had revenue of £113.70 million during the quarter. On average, research analysts anticipate that Grainger plc will post 10.4590732 earnings per share for the current year.

Wall Street Analyst Weigh In

GRI has been the subject of a number of analyst reports. Deutsche Bank Aktiengesellschaft reduced their price objective on Grainger from GBX 238 to GBX 224 and set a "buy" rating for the company in a research report on Monday, August 3rd. Jefferies Financial Group lowered their price target on Grainger from GBX 232 to GBX 210 and set a "buy" rating on the stock in a report on Friday, May 15th. Finally, Berenberg Bank cut their price target on Grainger from GBX 285 to GBX 227 and set a "buy" rating for the company in a research note on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of GBX 222.80.

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.

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