Insider Buying: Grainger (LON:GRI) Insider Purchases 87 Shares

Key Points

• Grainger insider Robert Hudson purchased 87 shares at GBX 171 each, investing £148.77. The purchase follows similar acquisitions of 87 shares in August and 88 shares in July.
• Grainger shares fell GBX 3 to GBX 168 during midday trading, with the company valued at approximately £1.25 billion and trading near its 200-day moving average of GBX 169.63.
• Analysts remain broadly positive, with four Buy ratings and one Hold rating, producing a consensus “Moderate Buy” rating and an average price target of GBX 222.80.

Grainger plc (LON:GRI - Get Free Report) insider Robert Hudson purchased 87 shares of the firm's stock in a transaction dated Tuesday, September 8th. The stock was acquired at an average price of GBX 171 per share, for a total transaction of £148.77.

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

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

Grainger Price Performance

Shares of Grainger stock traded down GBX 3 during midday trading on Wednesday, hitting GBX 168. 1,832,149 shares of the company traded hands, compared to its average volume of 12,382,724. The firm's fifty day moving average price is GBX 174.08 and its 200-day moving average price is GBX 169.63. Grainger plc has a 12 month low of GBX 118.30 and a 12 month high of GBX 202.79. The company has a debt-to-equity ratio of 83.71, a quick ratio of 0.87 and a current ratio of 2.04. The stock has a market cap of £1.25 billion, a price-to-earnings ratio of 9.49, a PEG ratio of 1.51 and a beta of 0.78.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the company. Berenberg Bank dropped their price target on Grainger from GBX 285 to GBX 227 and set a "buy" rating on the stock in a report on Wednesday, May 27th. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Grainger from GBX 238 to GBX 224 and set a "buy" rating for the company in a research report on Monday, August 3rd. Finally, Jefferies Financial Group reiterated a "buy" rating and issued a GBX 210 target price on shares of Grainger in a research note on Monday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target 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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