Grainger (LON:GRI) Sets New 12-Month Low – Should You Sell?

Posted by Lisa Pomrenke on Jan 14th, 2025

Shares of Grainger plc (LON:GRI – Get Free Report) reached a new 52-week low on Tuesday . The stock traded as low as GBX 211.50 ($2.59) and last traded at GBX 214.50 ($2.62), with a volume of 1508064 shares traded. The stock had previously closed at GBX 214.50 ($2.62).

Wall Street Analyst Weigh In

Several research firms have issued reports on GRI. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a GBX 336 ($4.11) price objective on shares of Grainger in a report on Friday, November 22nd. Berenberg Bank reaffirmed a “buy” rating and set a GBX 299 ($3.66) price target on shares of Grainger in a research note on Friday, November 29th.

Get Our Latest Stock Analysis on GRI

Grainger Stock Performance

The company has a debt-to-equity ratio of 84.35, a quick ratio of 0.87 and a current ratio of 3.81. The company has a market cap of £1.60 billion, a price-to-earnings ratio of 8,183.33, a PEG ratio of 1.51 and a beta of 0.71. The firm’s 50-day moving average price is GBX 226.72 and its 200 day moving average price is GBX 235.53.

Grainger Increases Dividend

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

Insider Activity

In other news, insider Robert Hudson sold 48,642 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were sold at an average price of GBX 220 ($2.69), for a total value of £107,012.40 ($130,950.07). 1.92% of the stock is currently owned by company insiders.

Grainger Company Profile

(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.