Grainger (LON:GRI) Sets New 1-Year Low - Here's Why

Key Points

• Grainger plc stock has reached a new 52-week low, trading as low as GBX 118.30 ($1.59) amid a trading volume of over 2 million shares.
• The company has a market capitalization of £1.40 billion, a notably high P/E ratio of 1,291.16, and a debt-to-equity ratio of 84.49.
• Grainger, the UK's largest listed residential landlord, is focusing on growth with a pipeline of development projects totaling £1.3 billion to create more rental homes.

Grainger plc (LON:GRI - ) reached a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 118.30 ($1.59) and last traded at GBX 188.20 ($2.53), with a volume of 2008982 shares traded. The stock had previously closed at GBX 187.20 ($2.52).

Grainger Stock Performance

The company has a market capitalization of £1.40 billion, a P/E ratio of 1,291.16, a PEG ratio of 1.51 and a beta of 0.71. The stock's fifty day moving average price is GBX 195.69 and its 200-day moving average price is GBX 206.06. The company has a debt-to-equity ratio of 84.49, a quick ratio of 0.87 and a current ratio of 4.49.

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.4,500 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.

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