Insider Buying: Grainger plc (LON:GRI) Insider Buys 72 Shares of Stock

Grainger plc (LON:GRI) insider Robert Hudson acquired 72 shares of the firm’s stock in a transaction that occurred on Monday, February 3rd. The stock was bought at an average cost of GBX 208 ($2.60) per share, with a total value of £149.76 ($187.22).

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

• On Thursday, December 19th, Robert Hudson sold 48,642 shares of Grainger stock. The stock was sold at an average price of GBX 220 ($2.75), for a total value of £107,012.40 ($133,782.22).
• On Wednesday, December 4th, Robert Hudson bought 64 shares of Grainger stock. The shares were acquired at an average price of GBX 232 ($2.90) per share, with a total value of £148.48 ($185.62).

Grainger Stock Up 5.5 %

GRI stock opened at GBX 220.50 ($2.76) on Thursday. The firm has a 50-day simple moving average of GBX 221.90 and a 200-day simple moving average of GBX 232.11. Grainger plc has a 52 week low of GBX 205 ($2.56) and a 52 week high of GBX 276 ($3.45). The stock has a market capitalization of £1.63 billion, a P/E ratio of 8,183.33, a P/E/G ratio of 1.51 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 3.81 and a debt-to-equity ratio of 84.35.

Grainger (LON:GRI) last posted its quarterly earnings results on Thursday, November 21st. The company reported GBX 9.30 ($0.12) earnings per share for the quarter. Grainger had a negative net margin of 0.41% and a negative return on equity of 0.06%. Equities analysts forecast that Grainger plc will post 10.4590732 earnings per share for the current fiscal year.

Grainger Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 16th will be given a dividend of GBX 5.01 ($0.06) per share. This is a boost from Grainger’s previous dividend of $2.54. The ex-dividend date is Thursday, January 16th. This represents a dividend yield of 2.26%.

Analysts Set New Price Targets

GRI has been the topic of a number of recent analyst reports. Berenberg Bank reissued a “buy” rating and set a GBX 299 ($3.74) price target on shares of Grainger in a report on Friday, November 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 336 ($4.20) target price on shares of Grainger in a research note on Friday, November 22nd.

Grainger Company Profile

Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK’s largest listed residential landlord and leader in the fast-growing build-to-rent sector, providing c.11,100 rental homes to over 20,000 customers. With a pipeline of secured build-to-rent development projects totalling c.5,000 homes and £1.5bn, Grainger is creating thousands more rental homes by investing in cities across the UK.