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

Grainger plc (LON:GRI) insider Helen Gordon sold 29,992 shares of the business’s stock in a transaction on 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 Performance

LON GRI traded down GBX 3 ($0.04) during trading hours on Thursday, reaching GBX 218.50 ($2.67). The stock had a trading volume of 1,709,090 shares, compared to its average volume of 6,099,520. The stock has a fifty day moving average of GBX 226.40 and a 200 day moving average of GBX 235.33. The stock has a market cap of £1.61 billion, a P/E ratio of 8,183.33, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. The company has a debt-to-equity ratio of 84.35, a quick ratio of 0.87 and a current ratio of 3.81. Grainger plc has a 52-week low of GBX 211.50 ($2.59) and a 52-week high of GBX 276 ($3.38).

Grainger Increases Dividend

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

Analyst Ratings Changes

GRI has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 336 ($4.11) price objective on shares of Grainger in a research note on Friday, November 22nd. Berenberg Bank reissued a “buy” rating and set a GBX 299 ($3.66) target price on shares of Grainger in a research report on Friday, November 29th.

Grainger Company Profile

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.