Justin Read Acquires 6,500 Shares of Grainger Plc (GRI) Stock
Grainger Plc (LON:GRI) insider Justin Read bought 6,500 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was purchased at an average cost of GBX 279 ($3.76) per share, with a total value of £18,135 ($24,407.81).
Grainger Plc (GRI) opened at GBX 282.30 ($3.80) on Thursday. Grainger Plc has a twelve month low of GBX 218.90 ($2.95) and a twelve month high of GBX 385.25 ($5.19).
The business also recently disclosed a dividend, which will be paid on Friday, February 9th. Stockholders of record on Thursday, December 28th will be issued a dividend of GBX 3.26 ($0.04) per share. This represents a dividend yield of 1.18%. This is a boost from Grainger’s previous dividend of $1.60. The ex-dividend date is Thursday, December 28th.
Several research analysts have issued reports on GRI shares. N+1 Singer reaffirmed a “buy” rating and issued a GBX 320 ($4.31) target price on shares of Grainger in a report on Wednesday, September 27th. Numis Securities reaffirmed a “buy” rating and issued a GBX 300 ($4.04) target price on shares of Grainger in a report on Wednesday, September 27th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 300 ($4.04) target price on shares of Grainger in a report on Thursday, November 30th. Jefferies Group reaffirmed a “hold” rating and issued a GBX 297 ($4.00) target price on shares of Grainger in a report on Friday, December 1st. Finally, J P Morgan Chase & Co lifted their target price on shares of Grainger from GBX 310 ($4.17) to GBX 320 ($4.31) and gave the stock a “neutral” rating in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of GBX 311.67 ($4.19).
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Grainger plc is a United Kingdom-based company, which operates as a residential landlord. The Company’s segments include Residential, Development, Funds and Other. Its assets include Regulated Tenancy Portfolio, Private Rented Sector Portfolio and Development. It has a portfolio of approximately 8,610 rental homes.
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