Grainger (LON:GRI) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Shares of Grainger plc (LON:GRI) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 192.38 and traded as high as GBX 194.93. Grainger shares last traded at GBX 194.93, with a volume of 852,856 shares traded.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on GRI shares. Jefferies Financial Group increased their price target on shares of Grainger from GBX 267 to GBX 270 and gave the company a “buy” rating in a research note on Tuesday, October 28th. Peel Hunt lowered their target price on shares of Grainger from GBX 220 to GBX 200 and set a “hold” rating for the company in a report on Thursday, January 8th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Grainger presently has an average rating of “Moderate Buy” and a consensus target price of GBX 235.

Grainger Stock Performance

The company has a quick ratio of 0.87, a current ratio of 4.49 and a debt-to-equity ratio of 84.49. The firm has a 50-day simple moving average of GBX 185.20 and a 200 day simple moving average of GBX 192.38. The company has a market cap of £1.44 billion, a price-to-earnings ratio of 7.14, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71.

Grainger (LON:GRI) last announced its earnings results on Thursday, November 20th. The company reported GBX 9.30 earnings per share (EPS) for the quarter. Grainger had a negative net margin of 0.40% and a negative return on equity of 0.06%. On average, sell-side analysts predict that Grainger plc will post 10.4590732 earnings per share for the current fiscal year.

Insider Buying and Selling at Grainger

In other news, insider Helen Gordon sold 92,066 shares of the stock in a transaction dated Tuesday, December 23rd. The shares were sold at an average price of GBX 181, for a total transaction of £166,639.46. Also, insider Robert Hudson sold 25,820 shares of the firm’s stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of GBX 181, for a total value of £46,734.20. Over the last three months, insiders have acquired 16,457 shares of company stock worth $3,059,848. 1.44% of the stock is owned by company insiders.

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.