Helen Gordon Buys 87 Shares of Grainger (LON:GRI) Stock

Key Points

• Insider buying: Helen Gordon purchased 87 Grainger shares at GBX 171 each, worth £148.77. She has also bought shares in July and August.
• Stock performance: Grainger shares fell to GBX 168, with the company valued at approximately £1.25 billion. The stock remains within its 12-month range of GBX 118.30 to GBX 202.79.
• Analyst outlook: Analysts maintain a generally positive view, with four Buy ratings and one Hold rating. Grainger has a “Moderate Buy” consensus and an average price target of GBX 222.80.

Grainger plc (LON:GRI - Get Free Report) insider Helen Gordon acquired 87 shares of Grainger stock in a transaction dated Tuesday, September 8th. The shares were bought at an average cost of GBX 171 per share, for a total transaction of £148.77.

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

• On Friday, August 7th, Helen Gordon bought 87 shares of Grainger stock. The stock was purchased at an average cost of GBX 174 per share, with a total value of £151.38.
• On Wednesday, July 8th, Helen Gordon acquired 88 shares of Grainger stock. The stock was acquired at an average cost of GBX 170 per share, for a total transaction of £149.60.

Grainger Stock Performance

LON GRI traded down GBX 3 during trading hours on Wednesday, hitting GBX 168. The company's stock had a trading volume of 1,832,149 shares, compared to its average volume of 12,382,724. The company has a market cap of £1.25 billion, a P/E ratio of 9.49, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. The company has a debt-to-equity ratio of 83.71, a current ratio of 2.04 and a quick ratio of 0.87. The company's 50 day simple moving average is GBX 174.08 and its two-hundred day simple moving average is GBX 169.63. Grainger plc has a 12 month low of GBX 118.30 and a 12 month high of GBX 202.79.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on the stock. Deutsche Bank Aktiengesellschaft lowered their price objective on shares of Grainger from GBX 238 to GBX 224 and set a "buy" rating on the stock in a research note on Monday, August 3rd. Berenberg Bank dropped their price target on shares of Grainger from GBX 285 to GBX 227 and set a "buy" rating on the stock in a research note on Wednesday, May 27th. Finally, Jefferies Financial Group reaffirmed a "buy" rating and issued a GBX 210 target price on shares of Grainger in a report on Monday. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, Grainger presently 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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