Grainger (LON:GRI) Reaches New 1-Year Low – Here’s Why

Shares of Grainger plc (LON:GRI) hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as GBX 211.50 ($2.59) and last traded at GBX 214.50 ($2.62), with a volume of 1508064 shares. The stock had previously closed at GBX 214.50 ($2.62).

Analysts Set New Price Targets

Several research firms recently commented on GRI. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 336 ($4.11) target price on shares of Grainger in a research note on Friday, November 22nd. Berenberg Bank reiterated a “buy” rating and issued a GBX 299 ($3.66) target price on shares of Grainger in a research note on Friday, November 29th.

Grainger Stock Performance

The company has a quick ratio of 0.87, a current ratio of 3.81 and a debt-to-equity ratio of 84.35. The firm has a 50-day moving average of GBX 226.72 and a 200 day moving average of GBX 235.53. The stock has a market capitalization of £1.60 billion, a P/E ratio of 8,183.33, a PEG ratio of 1.51 and a beta of 0.71.

Grainger Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, February 21st. Stockholders of record on Thursday, January 16th will be given a dividend of GBX 5.01 ($0.06) per share. This is a positive change 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.

Insider Buying and Selling

In other Grainger news, insider Robert Hudson sold 48,642 shares of the stock in a transaction on Thursday, December 19th. The stock was sold at an average price of GBX 220 ($2.69), for a total transaction of £107,012.40 ($130,950.07). Company insiders own 1.92% of the company’s stock.

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.