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

Key Points

• Grainger insider Helen Gordon purchased 93 shares at GBX 162 each, worth £150.66, continuing purchases made in August and September.
• Grainger shares traded at GBX 163, with a £1.21 billion market capitalization and a 52-week range of GBX 149.44 to GBX 202.79.
• Analysts maintain a generally positive view, with four Buy ratings and one Hold rating; the consensus target price is GBX 222.80 versus the current price.

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

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

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

Grainger Price Performance

LON GRI traded up GBX 3.10 during midday trading on Friday, hitting GBX 163. The company had a trading volume of 3,960,675 shares, compared to its average volume of 11,505,519. The company has a market capitalization of £1.21 billion, a PE ratio of 9.21, a P/E/G ratio of 1.51 and a beta of 0.78. The company has a current ratio of 2.04, a quick ratio of 0.87 and a debt-to-equity ratio of 83.71. Grainger plc has a twelve month low of GBX 149.44 and a twelve month high of GBX 202.79. The firm has a 50-day moving average price of GBX 169.95 and a 200-day moving average price of GBX 167.13.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on GRI. Jefferies Financial Group restated a "buy" rating and issued a GBX 210 target price on shares of Grainger in a research report on Monday, September 7th. Deutsche Bank Aktiengesellschaft lowered their target price 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 research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of GBX 222.80.

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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