Insider Buying: Grainger (LON:GRI) Insider Purchases £150.66 in Stock

Grainger plc (LON:GRI – Get Free Report) insider Helen Gordon bought 93 shares of the business’s stock in a transaction dated Thursday, October 8th. The stock was purchased at an average price of GBX 162 per share, for a total transaction of £150.66.

Helen Gordon also recently made the following trade(s):

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• On Tuesday, September 8th, Helen Gordon purchased 87 shares of Grainger stock. The stock was bought at an average price of GBX 171 per share, for a total transaction of £148.77.
• On Friday, August 7th, Helen Gordon bought 87 shares of Grainger stock. The shares were bought at an average cost of GBX 174 per share, for a total transaction of £151.38.

Grainger Stock Up 1.9%

Shares of LON:GRI traded up GBX 3.10 during trading on Friday, hitting GBX 163. The stock had a trading volume of 3,960,675 shares, compared to its average volume of 11,505,519. The firm’s fifty day moving average is GBX 169.95 and its 200 day moving average is GBX 167.13. The company has a quick ratio of 0.87, a current ratio of 2.04 and a debt-to-equity ratio of 83.71. The company has a market capitalization of £1.21 billion, a PE ratio of 9.21, a PEG ratio of 1.51 and a beta of 0.78. Grainger plc has a 12 month low of GBX 149.44 and a 12 month high of GBX 202.79.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Jefferies Financial Group restated a “buy” rating and issued a GBX 210 price target on shares of Grainger in a research note on Monday, September 7th. Deutsche Bank Aktiengesellschaft cut their price target on Grainger from GBX 238 to GBX 224 and set a “buy” rating for the company in a research note on Monday, August 3rd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, Grainger has a consensus rating of “Moderate Buy” and a consensus target price of GBX 222.80.

View Our Latest Stock Analysis on GRI

About Grainger

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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.

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