Grainger PLC (GRI) Research Coverage Started at Barclays PLC
Research analysts at Barclays PLC began coverage on shares of Grainger PLC (LON:GRI) in a research report issued to clients and investors on Thursday. The firm set an “overweight” rating and a GBX 310 ($4.03) price target on the stock. Barclays PLC’s price target suggests a potential upside of 15.84% from the company’s current price.
GRI has been the subject of a number of other research reports. Numis Securities Ltd reiterated a “buy” rating and set a GBX 300 ($3.90) target price on shares of Grainger PLC in a research report on Friday, May 19th. Jefferies Group LLC increased their target price on shares of Grainger PLC from GBX 266 ($3.46) to GBX 275 ($3.58) and gave the stock a “hold” rating in a research report on Monday, May 22nd. N+1 Singer reiterated a “buy” rating and set a GBX 320 ($4.16) target price on shares of Grainger PLC in a research report on Wednesday, February 8th. Peel Hunt upgraded shares of Grainger PLC to a “buy” rating and increased their target price for the stock from GBX 250 ($3.25) to GBX 300 ($3.90) in a research report on Thursday, February 2nd. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and set a GBX 260 ($3.38) target price on shares of Grainger PLC in a research report on Monday, May 22nd. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of GBX 294.17 ($3.83).
Shares of Grainger PLC (LON:GRI) traded down 0.59% during mid-day trading on Thursday, reaching GBX 267.60. 1,291,220 shares of the company’s stock traded hands. The company’s market cap is GBX 1.11 billion. The firm has a 50-day moving average of GBX 254.99 and a 200 day moving average of GBX 242.80. Grainger PLC has a 12-month low of GBX 193.00 and a 12-month high of GBX 270.72.
The company also recently disclosed a dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 1st will be given a GBX 1.60 ($0.02) dividend. The ex-dividend date of this dividend is Thursday, June 1st. This represents a dividend yield of 0.62%.
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In other news, insider Justin Read acquired 7,500 shares of the business’s stock in a transaction dated Wednesday, March 1st. The stock was bought at an average cost of GBX 253 ($3.29) per share, for a total transaction of £18,975 ($24,684.53). Also, insider Nick Jopling acquired 118 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was purchased at an average price of GBX 255 ($3.32) per share, with a total value of £300.90 ($391.44). Insiders bought 7,860 shares of company stock valued at $1,987,358 over the last 90 days.
About Grainger PLC
Grainger plc is a United Kingdom-based company, which operates as a residential landlord. The Company’s segments include Residential, Development, Funds and Other. Its assets include Regulated Tenancy Portfolio, Private Rented Sector Portfolio and Development. It has a portfolio of approximately 8,610 rental homes.
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