Grainger plc (LON:GRI) Insider Robert Hudson Acquires 64 Shares of Stock

Grainger plc (LON:GRI) insider Robert Hudson purchased 64 shares of the company’s stock in a transaction that occurred on Wednesday, December 4th. The stock was bought at an average cost of GBX 232 ($2.96) per share, with a total value of £148.48 ($189.46).

Grainger Stock Down 1.3 %

Shares of LON GRI opened at GBX 230.50 ($2.94) on Friday. The company has a current ratio of 3.81, a quick ratio of 0.87 and a debt-to-equity ratio of 84.35. The company has a market cap of £1.70 billion, a price-to-earnings ratio of 8,183.33, a PEG ratio of 1.51 and a beta of 0.71. Grainger plc has a 12 month low of GBX 218.50 ($2.79) and a 12 month high of GBX 278.80 ($3.56). The stock has a 50-day moving average price of GBX 234.79 and a two-hundred day moving average price of GBX 239.18.

Grainger Increases Dividend

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

Wall Street Analysts Forecast Growth

GRI has been the subject of a number of analyst reports. Berenberg Bank reaffirmed a “buy” rating and issued a GBX 299 ($3.82) price target on shares of Grainger in a research note on Friday, November 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 336 ($4.29) price target on shares of Grainger in a research note on Friday, November 22nd.

About Grainger

Grainger plc, together with its subsidiaries, owns, operates, and manages private rental homes in the United Kingdom. The company was formerly known as Grainger Trust Plc and changed the name to Grainger Plc in March 2007. Grainger plc was incorporated in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.