Grainger (LON:GRI) Insider Buys 93 Shares of Company Stock

Key Points

• Grainger insider Robert Hudson bought 93 shares at GBX 162 each, worth £150.66, following similar purchases in August and September.
• Grainger shares rose 1.9% to GBX 163, while the company had a £1.21 billion market capitalization and traded below its 50-day and 200-day moving averages.
• Analysts remain broadly positive, with four Buy ratings and one Hold; the stock has a “Moderate Buy” consensus and an average price target of GBX 222.80.

Grainger plc (LON:GRI - Get Free Report) insider Robert Hudson purchased 93 shares of Grainger stock in a transaction dated Thursday, October 8th. The stock was bought at an average price of GBX 162 per share, with a total value of £150.66.

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

• On Tuesday, September 8th, Robert Hudson purchased 87 shares of Grainger stock. The stock was bought at an average price of GBX 171 per share, for a total transaction of £148.77.
• On Friday, August 7th, Robert Hudson purchased 87 shares of Grainger stock. The shares were purchased at an average price of GBX 174 per share, for a total transaction of £151.38.

Grainger Stock Up 1.9%

LON GRI traded up GBX 3.10 on Friday, reaching GBX 163. 3,960,675 shares of the stock traded hands, compared to its average volume of 11,505,519. The company has a debt-to-equity ratio of 83.71, a quick ratio of 0.87 and a current ratio of 2.04. Grainger plc has a 12 month low of GBX 149.44 and a 12 month high of GBX 202.79. The company has a fifty day moving average price of GBX 169.95 and a 200-day moving average price of GBX 167.13. The company has a market cap of £1.21 billion, a price-to-earnings ratio of 9.21, a PEG ratio of 1.51 and a beta of 0.78.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the stock. Jefferies Financial Group reissued a "buy" rating and set a GBX 210 price target on shares of Grainger in a research report on Monday, September 7th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Grainger from GBX 238 to GBX 224 and set a "buy" rating for the company in a research note on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, Grainger currently has an average rating of "Moderate Buy" and an average price target 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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