Grainger (LON:GRI) Sets New 52-Week Low – Time to Sell?

Grainger plc (LON:GRI)’s share price hit 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 changing hands. The stock had previously closed at GBX 221.50 ($2.78).

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Berenberg Bank reiterated a “buy” rating and set a GBX 299 ($3.76) price target on shares of Grainger in a research report on Friday, November 29th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a GBX 336 ($4.22) target price on shares of Grainger in a research report on Friday, November 22nd.

Grainger Trading Up 0.9 %

The business’s 50-day simple moving average is GBX 231.51 and its 200-day simple moving average is GBX 237.56. The company has a market cap of £1.65 billion, a price-to-earnings ratio of 8,183.33, a PEG ratio of 1.51 and a beta of 0.71. 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 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 is Thursday, January 16th. This represents a yield of 2.26%. This is a positive change from Grainger’s previous dividend of $2.54.

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.