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

Grainger plc (LON:GRI) insider Robert Hudson purchased 72 shares of the stock in a transaction that occurred on Monday, February 3rd. The shares were acquired 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 shares were 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 acquired 64 shares of Grainger stock. The stock was acquired at an average cost of GBX 232 ($2.90) per share, for a total transaction of £148.48 ($185.62).

Grainger Price Performance

Shares of Grainger stock opened at GBX 220.50 ($2.76) on Thursday. The stock has a 50 day moving average of GBX 221.90 and a 200 day moving average of GBX 232.11. Grainger plc has a 12 month low of GBX 205 ($2.56) and a 12 month high of GBX 276 ($3.45). 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 firm has a market cap of £1.63 billion, a PE ratio of 8,183.33, a PEG ratio of 1.51 and a beta of 0.71.

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

Grainger Increases Dividend

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

Analysts Set New Price Targets

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

About Grainger

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.