Grainger plc (LON:GRI) Insider Sells £64,482.80 in Stock

Grainger plc (LON:GRI) insider Helen Gordon sold 29,992 shares of the stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of GBX 215 ($2.63), for a total transaction of £64,482.80 ($78,926.32).

Grainger Stock Down 1.4 %

Shares of GRI stock traded down GBX 3 ($0.04) during trading hours on Thursday, hitting GBX 218.50 ($2.67). 1,709,090 shares of the company’s stock traded hands, compared to its average volume of 6,099,520. The company has a quick ratio of 0.87, a current ratio of 3.81 and a debt-to-equity ratio of 84.35. The stock’s fifty day simple moving average is GBX 226.40 and its two-hundred day simple moving average is GBX 235.33. Grainger plc has a 12-month low of GBX 211.50 ($2.59) and a 12-month high of GBX 276 ($3.38). The stock has a market cap of £1.61 billion, a price-to-earnings ratio of 8,183.33, a PEG ratio of 1.51 and a beta of 0.71.

Grainger Increases Dividend

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

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on GRI. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a GBX 336 ($4.11) price objective on shares of Grainger in a report on Friday, November 22nd. Berenberg Bank reissued a “buy” rating and issued a GBX 299 ($3.66) target price on shares of Grainger in a research note on Friday, November 29th.

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.