Grainger (LON:GRI) Reaches New 1-Year Low at $258.40

Grainger plc (LON:GRIGet Rating)’s share price hit a new 52-week low during trading on Wednesday . The stock traded as low as GBX 258.40 ($3.12) and last traded at GBX 262.40 ($3.17), with a volume of 543306 shares changing hands. The stock had previously closed at GBX 260.40 ($3.15).

Wall Street Analyst Weigh In

Several equities analysts have recently commented on GRI shares. Barclays lowered their price objective on Grainger from GBX 290 ($3.50) to GBX 272 ($3.29) and set an “equal weight” rating on the stock in a research report on Monday, July 4th. Berenberg Bank decreased their target price on Grainger from GBX 390 ($4.71) to GBX 345 ($4.17) and set a “buy” rating on the stock in a research report on Wednesday, August 31st. Finally, Citigroup reiterated a “buy” rating and issued a GBX 369 ($4.46) target price on shares of Grainger in a research report on Friday, July 8th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of GBX 349.33 ($4.22).

Grainger Stock Performance

The company has a debt-to-equity ratio of 75.28, a current ratio of 5.19 and a quick ratio of 1.58. The business has a 50-day simple moving average of GBX 282.98 and a 200-day simple moving average of GBX 289.93. The firm has a market capitalization of £1.98 billion and a PE ratio of 1,254.29.

Insider Buying and Selling at Grainger

In related news, insider Helen Gordon acquired 106 shares of the firm’s stock in a transaction on Friday, July 1st. The shares were acquired at an average cost of GBX 280 ($3.38) per share, for a total transaction of £296.80 ($358.63).

About Grainger

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Grainger plc, together with its subsidiaries, designs, owns, operates, manages, and rents residential properties in the United Kingdom. It also provides property and asset management services. The company was incorporated in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.

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