Grainger (LON:GRI) Sets New 1-Year Low – What’s Next?

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 ($2.72) and last traded at GBX 223.50 ($2.81), with a volume of 3238572 shares trading hands. The stock had previously closed at GBX 221.50 ($2.78).

Wall Street Analyst Weigh In

Several research firms have issued reports on GRI. Berenberg Bank reiterated a “buy” rating and set a GBX 299 ($3.76) 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 ($4.22) target price on shares of Grainger in a research note on Friday, November 22nd.

Grainger Price Performance

The company has a 50-day moving average of GBX 231.51 and a two-hundred day moving average of GBX 237.56. 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 stock has a market capitalization of £1.65 billion, a PE ratio of 8,183.33, a P/E/G ratio of 1.51 and a beta of 0.71.

Grainger Increases Dividend

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

About Grainger

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.