Helen Gordon Sells 29,992 Shares of Grainger plc (LON:GRI) Stock

Grainger plc (LON:GRI) insider Helen Gordon sold 29,992 shares of the stock in a transaction dated Tuesday, January 14th. The shares were sold at an average price of GBX 215 ($2.62), for a total transaction of £64,482.80 ($78,455.77).

Grainger Price Performance

GRI stock opened at GBX 220.50 ($2.68) on Friday. The stock’s 50 day moving average price is GBX 226 and its 200 day moving average price is GBX 235. The firm has a market cap of £1.63 billion, a P/E ratio of 8,183.33, a PEG 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 1 year low of GBX 211.50 ($2.57) and a 1 year high of GBX 276 ($3.36).

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 paid a dividend of GBX 5.01 ($0.06) per share. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 2.26%. This is an increase from Grainger’s previous dividend of $2.54.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Berenberg Bank reiterated a “buy” rating and set a GBX 299 ($3.64) target price on shares of Grainger in a research report on Friday, November 29th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 336 ($4.09) price objective on shares of Grainger in a research note 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.