Grainger (LON:GRI) Sets New 52-Week Low – Here’s What Happened

Grainger plc (LON:GRI)’s stock price reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 216.50 ($2.71) and last traded at GBX 223.50 ($2.79), with a volume of 3238572 shares. The stock had previously closed at GBX 221.50 ($2.77).

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. Berenberg Bank reissued a “buy” rating and issued a GBX 299 ($3.74) price target on shares of Grainger in a report on Friday, November 29th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 336 ($4.20) target price on shares of Grainger in a research report on Friday, November 22nd.

Grainger Stock Performance

The company has a current ratio of 3.81, a quick ratio of 0.87 and a debt-to-equity ratio of 84.35. The stock has a fifty day moving average price of GBX 231.87 and a 200 day moving average price of GBX 237.88. The firm has a market cap of £1.65 billion, a price-to-earnings ratio of 8,183.33, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71.

Grainger Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Thursday, January 16th. This is a positive change from Grainger’s previous dividend of $2.54. This represents a yield of 2.26%.

Grainger Company Profile

Grainger plc, together with its subsidiaries, owns, operates, and manages private rental homes in the United Kingdom. The company was formerly known as Grainger Trust Plc and changed the name to Grainger Plc in March 2007. Grainger plc was incorporated in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.