Insider Buying: Grainger Plc (GRI) Insider Purchases £18,135 in Stock

Grainger Plc (LON:GRI) insider Justin Read purchased 6,500 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was acquired at an average price of GBX 279 ($3.76) per share, for a total transaction of £18,135 ($24,407.81).

Grainger Plc (LON:GRI) opened at GBX 282.70 ($3.80) on Friday. Grainger Plc has a fifty-two week low of GBX 218.90 ($2.95) and a fifty-two week high of GBX 385.25 ($5.19).

The company also recently disclosed a dividend, which will be paid on Friday, February 9th. Stockholders of record on Thursday, December 28th will be paid a dividend of GBX 3.26 ($0.04) per share. This is a boost from Grainger’s previous dividend of $1.60. The ex-dividend date is Thursday, December 28th. This represents a dividend yield of 1.18%.

GRI has been the topic of several research reports. N+1 Singer reiterated a “buy” rating and issued a GBX 320 ($4.31) price target on shares of Grainger in a report on Wednesday, September 27th. Numis Securities reiterated a “buy” rating and issued a GBX 300 ($4.04) price target on shares of Grainger in a report on Wednesday, September 27th. Peel Hunt reiterated a “buy” rating and issued a GBX 300 ($4.04) price target on shares of Grainger in a report on Thursday, November 30th. Jefferies Group reiterated a “hold” rating and issued a GBX 297 ($4.00) price target on shares of Grainger in a report on Friday, December 1st. Finally, J P Morgan Chase & Co increased their price target on shares of Grainger from GBX 310 ($4.17) to GBX 320 ($4.31) and gave the stock a “neutral” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Grainger currently has a consensus rating of “Buy” and a consensus price target of GBX 311.67 ($4.19).

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About Grainger

Grainger plc is a United Kingdom-based company, which operates as a residential landlord. The Company’s segments include Residential, Development, Funds and Other. Its assets include Regulated Tenancy Portfolio, Private Rented Sector Portfolio and Development. It has a portfolio of approximately 8,610 rental homes.

Insider Buying and Selling by Quarter for Grainger (LON:GRI)

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