Grainger (LON:GRI) Reaches New 12-Month Low – Here’s What Happened

Grainger plc (LON:GRI)’s stock price reached a new 52-week low on Monday . The stock traded as low as GBX 205 ($2.55) and last traded at GBX 206.83 ($2.57), with a volume of 4157965 shares changing hands. The stock had previously closed at GBX 209.60 ($2.61).

Wall Street Analyst Weigh In

Several research firms have issued reports on GRI. Berenberg Bank reaffirmed a “buy” rating and set a GBX 299 ($3.72) price target on shares of Grainger in a research report on Friday, November 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 336 ($4.18) target price on shares of Grainger in a research note on Friday, November 22nd.

Grainger Trading Down 0.5 %

The business has a 50 day moving average of GBX 224.27 and a two-hundred day moving average of GBX 233.65. The firm has a market cap of £1.55 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 current ratio of 3.81, a quick ratio of 0.87 and a debt-to-equity ratio of 84.35.

Grainger (LON:GRI) last issued its quarterly earnings data on Thursday, November 21st. The company reported GBX 9.30 ($0.12) earnings per share for the quarter. Grainger had a negative net margin of 0.41% and a negative return on equity of 0.06%. Analysts predict that Grainger plc will post 10.4590732 earnings per share for the current year.

Grainger Increases Dividend

The company 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%. The ex-dividend date is Thursday, January 16th. This is a boost from Grainger’s previous dividend of $2.54.

Insider Activity

In related news, insider Robert Hudson sold 48,642 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of GBX 220 ($2.74), for a total value of £107,012.40 ($133,149.68). Also, insider Helen Gordon sold 29,992 shares of the firm’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of GBX 215 ($2.68), for a total transaction of £64,482.80 ($80,232.43). 1.92% of the stock is owned by company insiders.

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.