Grainger (LON:GRI) Share Price Crosses Below 200-Day Moving Average – Should You Sell?

by · The Markets Daily

Grainger plc (LON:GRI – Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 236.76 ($2.96) and traded as low as GBX 220.53 ($2.76). Grainger shares last traded at GBX 222 ($2.78), with a volume of 939,993 shares.

Wall Street Analysts Forecast Growth

GRI has been the topic of a number of analyst reports. Berenberg Bank restated a “buy” rating and set a GBX 299 ($3.74) target price on shares of Grainger in a research report on Friday, November 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a GBX 336 ($4.20) target price on shares of Grainger in a research report on Friday, November 22nd.

Check Out Our Latest Stock Analysis on GRI

Grainger Stock Up 1.4 %

The company has a debt-to-equity ratio of 84.35, a current ratio of 3.81 and a quick ratio of 0.87. The business has a fifty day simple moving average of GBX 229 and a 200 day simple moving average of GBX 236.66. The firm has a market cap of £1.66 billion, a price-to-earnings ratio of 8,183.33, a PEG ratio of 1.51 and a beta of 0.71.

Grainger Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, January 16th will be issued a GBX 5.01 ($0.06) dividend. The ex-dividend date is Thursday, January 16th. This represents a yield of 2.26%. This is a positive change from Grainger’s previous dividend of $2.54.

Insider Transactions at Grainger

In other news, insider Robert Hudson sold 48,642 shares of Grainger stock in a transaction on Thursday, December 19th. The stock was sold at an average price of GBX 220 ($2.75), for a total transaction of £107,012.40 ($133,916.16). Insiders own 1.92% of the company’s stock.

About Grainger

(Get Free Report)

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.

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