Grainger PLC (LON:GRI) Insider Acquires £298.54 in Stock

Grainger PLC (LON:GRI) insider Vanessa Simms bought 118 shares of the company’s stock in a transaction dated Friday, July 5th. The stock was bought at an average price of GBX 253 ($3.31) per share, for a total transaction of £298.54 ($390.10).

GRI stock opened at GBX 248.60 ($3.25) on Thursday. Grainger PLC has a twelve month low of GBX 204 ($2.67) and a twelve month high of GBX 285.05 ($3.72). The company has a quick ratio of 2.42, a current ratio of 10.35 and a debt-to-equity ratio of 103.56. The firm has a 50 day moving average of GBX 247.38. The company has a market capitalization of $1.52 billion and a price-to-earnings ratio of 12.68.

The business also recently announced a dividend, which was paid on Friday, July 5th. Stockholders of record on Thursday, May 30th were issued a GBX 1.73 ($0.02) dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a dividend yield of 0.66%. Grainger’s dividend payout ratio is presently 0.26%.

A number of research firms have recently weighed in on GRI. Numis Securities restated a “buy” rating on shares of 3i Group in a report on Thursday, May 16th. Peel Hunt restated a “hold” rating and issued a GBX 935 ($12.22) target price (up previously from GBX 920 ($12.02)) on shares of Antofagasta in a report on Tuesday.

Grainger Company Profile

Grainger plc, together with its subsidiaries, owns, develops, manages, and rents residential properties in the United Kingdom. The company operates through three segments: Residential, Development, and Funds. It also provides property and asset management services. The company was founded in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.

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