Grainger (LON:GRI) Share Price Passes Above 200 Day Moving Average – Should You Sell?
by Mitch Edgeman · The Markets DailyGrainger plc (LON:GRI – Get Free Report) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 192.38 and traded as high as GBX 194.93. Grainger shares last traded at GBX 194.93, with a volume of 852,856 shares traded.
Analyst Ratings Changes
Several research firms have commented on GRI. Peel Hunt decreased their target price on shares of Grainger from GBX 220 to GBX 200 and set a “hold” rating on the stock in a report on Thursday, January 8th. Jefferies Financial Group boosted their price objective on shares of Grainger from GBX 267 to GBX 270 and gave the company a “buy” rating in a research report on Tuesday, October 28th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, Grainger presently has a consensus rating of “Moderate Buy” and an average price target of GBX 235.
Read Our Latest Stock Analysis on GRI
Grainger Stock Up 2.2%
The stock has a market capitalization of £1.44 billion, a price-to-earnings ratio of 7.14, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 4.49 and a debt-to-equity ratio of 84.49. The stock has a 50 day moving average price of GBX 185.20 and a 200 day moving average price of GBX 192.27.
Grainger (LON:GRI – Get Free Report) last issued its quarterly earnings data on Thursday, November 20th. The company reported GBX 9.30 earnings per share (EPS) for the quarter. Grainger had a negative net margin of 0.40% and a negative return on equity of 0.06%. As a group, analysts forecast that Grainger plc will post 10.4590732 EPS for the current year.
Insider Buying and Selling at Grainger
In other news, insider Helen Gordon sold 92,066 shares of the stock in a transaction on Tuesday, December 23rd. The shares were sold at an average price of GBX 181, for a total transaction of £166,639.46. Also, insider Michael Brodtman bought 16,129 shares of the company’s stock in a transaction that occurred on Thursday, November 27th. The stock was purchased at an average price of GBX 186 per share, for a total transaction of £29,999.94. In the last quarter, insiders have purchased 16,457 shares of company stock worth $3,059,848. Insiders own 1.44% 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, a Real Estate Investment Trust (REIT) and a leader in the fast-growing build-to-rent sector, providing c.11,000 rental homes to over 25,000 customers. With a pipeline of secured build-to-rent development projects totalling c.4,300 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.
Grainger works in partnership with a large number of public sector organisations to deliver new homes to local communities, including Transport for London, Network Rail, the Ministry of Defence, Lewisham Borough Council and the Local Pensions Partnership.
The Grainger team is dedicated to the common purpose of Renting Homes, Enriching Lives, backed by a set of core values.