Grainger (LON:GRI) Sets New 52-Week Low – Should You Sell?

Posted by Marion Hillson on Jan 16th, 2025

Grainger plc (LON:GRI – Get Free Report)’s stock price hit a new 52-week low during trading on Tuesday . The stock traded as low as GBX 211.50 ($2.59) and last traded at GBX 214.50 ($2.63), with a volume of 1508064 shares trading hands. The stock had previously closed at GBX 214.50 ($2.63).

Wall Street Analyst Weigh In

A number of research firms recently issued reports on GRI. Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a GBX 336 ($4.11) price target on shares of Grainger in a research note on Friday, November 22nd. Berenberg Bank reissued a “buy” rating and issued a GBX 299 ($3.66) price target on shares of Grainger in a research note on Friday, November 29th.

Check Out Our Latest Stock Report on Grainger

Grainger Trading Down 2.5 %

The company has a market capitalization of £1.59 billion, a P/E ratio of 8,183.33, a P/E/G ratio of 1.51 and a beta of 0.71. The stock’s 50 day moving average is GBX 226.40 and its 200-day moving average is GBX 235.33. The company has a debt-to-equity ratio of 84.35, a current ratio of 3.81 and a quick ratio of 0.87.

Grainger Increases Dividend

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

Insiders Place Their Bets

In other Grainger news, insider Robert Hudson sold 48,642 shares of the company’s stock in a transaction dated Thursday, December 19th. The shares were sold at an average price of GBX 220 ($2.69), for a total value of £107,012.40 ($130,982.13). Corporate insiders own 1.92% of the company’s stock.

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.