Grainger (LON:GRI) Sets New 12-Month Low – What’s Next?

Grainger plc (LON:GRI) shares hit a new 52-week low on Wednesday . The company traded as low as GBX 215 ($2.65) and last traded at GBX 216.50 ($2.66), with a volume of 303400 shares changing hands. The stock had previously closed at GBX 221.50 ($2.73).

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on GRI. Berenberg Bank reissued a “buy” rating and set a GBX 299 ($3.68) price objective on shares of Grainger in a research report on Friday, November 29th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a GBX 336 ($4.13) price target on shares of Grainger in a report on Friday, November 22nd.

Grainger Price Performance

The firm has a market cap of £1.59 billion, a price-to-earnings ratio of 8,183.33, a PEG ratio of 1.51 and a beta of 0.71. The company’s fifty day moving average is GBX 227.31 and its 200 day moving average is GBX 235.90. The company has a quick ratio of 0.87, a current ratio of 3.81 and a debt-to-equity ratio of 84.35.

Grainger Increases Dividend

The firm 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. This represents a dividend yield of 2.26%. This is an increase from Grainger’s previous dividend of $2.54. The ex-dividend date is Thursday, January 16th.

Insider Activity at Grainger

In related news, insider Robert Hudson sold 48,642 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of GBX 220 ($2.71), for a total value of £107,012.40 ($131,675.16). 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.