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 dated Tuesday, January 14th. The stock was sold at an average price of GBX 215 ($2.62), for a total transaction of £64,482.80 ($78,455.77).

Grainger Stock Up 0.9 %

Grainger stock opened at GBX 220.50 ($2.68) on Friday. Grainger plc has a 1-year low of GBX 211.50 ($2.57) and a 1-year high of GBX 276 ($3.36). The stock has a market cap of £1.63 billion, a PE ratio of 8,183.33, a P/E/G ratio of 1.51 and a beta of 0.71. The company has a debt-to-equity ratio of 84.35, a current ratio of 3.81 and a quick ratio of 0.87. The stock’s fifty day moving average is GBX 226 and its two-hundred day moving average is GBX 235.

Grainger Increases Dividend

The business also recently declared 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 a positive change from Grainger’s previous dividend of $2.54. This represents a yield of 2.26%. The ex-dividend date of this dividend is Thursday, January 16th.

Wall Street Analyst Weigh In

GRI has been the topic of several analyst reports. Berenberg Bank reiterated a “buy” rating and issued a GBX 299 ($3.64) price objective on shares of Grainger in a research note on Friday, November 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 336 ($4.09) target price on shares of Grainger in a report on Friday, November 22nd.

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.