Grainger (LON:GRI) Insider Robert Hudson Sells 46,435 Shares

Grainger plc (LON:GRI) insider Robert Hudson sold 46,435 shares of the business’s stock in a transaction dated Friday, February 6th. The stock was sold at an average price of GBX 189, for a total value of £87,762.15.

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

• On Tuesday, February 3rd, Robert Hudson bought 77 shares of Grainger stock. The shares were acquired at an average cost of GBX 193 per share, for a total transaction of £148.61.
• On Friday, January 2nd, Robert Hudson purchased 83 shares of Grainger stock. The shares were acquired at an average cost of GBX 181 per share, with a total value of £150.23.
• On Monday, December 22nd, Robert Hudson sold 25,820 shares of Grainger stock. The stock was sold at an average price of GBX 181, for a total transaction of £46,734.20.
• On Tuesday, December 2nd, Robert Hudson acquired 81 shares of Grainger stock. The stock was bought at an average price of GBX 184 per share, with a total value of £149.04.

Grainger Stock Down 0.1%

Shares of LON:GRI opened at GBX 191 on Thursday. The firm has a market cap of £1.41 billion, a P/E ratio of 7.00, a P/E/G ratio of 1.51 and a beta of 0.71. Grainger plc has a 12-month low of GBX 118.30 and a 12-month high of GBX 230. The business has a fifty day simple moving average of GBX 187.50 and a 200 day simple moving average of GBX 191.09. The company has a quick ratio of 0.87, a current ratio of 4.49 and a debt-to-equity ratio of 84.49.

Grainger (LON:GRI) last issued its quarterly earnings data on Thursday, November 20th. The company reported GBX 9.30 earnings per share (EPS) for the quarter. Grainger had a negative return on equity of 0.06% and a negative net margin of 0.40%. Analysts predict that Grainger plc will post 10.4590732 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Jefferies Financial Group lifted their target price on shares of Grainger from GBX 267 to GBX 270 and gave the stock a “buy” rating in a research note on Tuesday, October 28th. Peel Hunt lowered their price objective on Grainger from GBX 220 to GBX 200 and set a “hold” rating for the company in a research report on Thursday, January 8th. Finally, Berenberg Bank boosted their price objective on Grainger from GBX 260 to GBX 285 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 251.67.

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.