Insider Buying: Grainger plc (LON:GRI) Insider Buys 64 Shares of Stock

Posted by Anthony Miller on Dec 5th, 2024

Grainger plc (LON:GRI – Get Free Report) insider Robert Hudson bought 64 shares of the stock in a transaction dated Wednesday, December 4th. The stock was bought at an average price of GBX 232 ($2.95) per share, with a total value of £148.48 ($188.67).

Grainger Stock Performance

GRI stock traded down GBX 3 ($0.04) on Thursday, hitting GBX 230.50 ($2.93). The company’s stock had a trading volume of 1,796,515 shares, compared to its average volume of 1,627,231. The company has a current ratio of 3.81, a quick ratio of 0.87 and a debt-to-equity ratio of 84.35. Grainger plc has a 1 year low of GBX 218.50 ($2.78) and a 1 year high of GBX 278.80 ($3.54). The firm has a 50 day moving average of GBX 235.04 and a two-hundred day moving average of GBX 239.24. The stock has a market cap of £1.70 billion, a price-to-earnings ratio of 8,183.33, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71.

Grainger Increases Dividend

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

Analyst Ratings Changes

GRI has been the subject of a number of research reports. Berenberg Bank reissued a “buy” rating and issued a GBX 299 ($3.80) price target on shares of Grainger in a research report on Friday, November 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 336 ($4.27) target price on shares of Grainger in a research report on Friday, November 22nd.

Read Our Latest Report on Grainger

Grainger Company Profile

(Get Free Report)

Grainger plc, together with its subsidiaries, owns, operates, and manages private rental homes in the United Kingdom. The company was formerly known as Grainger Trust Plc and changed the name to Grainger Plc in March 2007. Grainger plc was incorporated in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.