Grainger PLC (GRI) Given Average Recommendation of “Buy” by Analysts
Shares of Grainger PLC (LON:GRI) have been given a consensus rating of “Buy” by the six ratings firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is GBX 294.17 ($3.75).
A number of equities analysts have issued reports on GRI shares. Jefferies Group LLC raised their target price on shares of Grainger PLC from GBX 220 ($2.80) to GBX 266 ($3.39) and gave the stock a “hold” rating in a report on Wednesday, April 26th. Barclays PLC started coverage on shares of Grainger PLC in a report on Thursday, May 25th. They issued an “overweight” rating and a GBX 310 ($3.95) target price on the stock. Numis Securities Ltd reissued a “buy” rating and issued a GBX 300 ($3.82) target price on shares of Grainger PLC in a report on Friday, May 19th. Peel Hunt reissued a “buy” rating and issued a GBX 300 ($3.82) target price on shares of Grainger PLC in a report on Wednesday, May 17th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 260 ($3.31) target price on shares of Grainger PLC in a report on Monday, May 22nd.
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In other Grainger PLC news, insider Nick Jopling purchased 122 shares of the business’s stock in a transaction dated Monday, April 3rd. The shares were bought at an average price of GBX 244 ($3.11) per share, with a total value of £297.68 ($379.26). Also, insider Rob Wilkinson purchased 4,000 shares of the business’s stock in a transaction dated Monday, June 5th. The shares were acquired at an average cost of GBX 262 ($3.34) per share, for a total transaction of £10,480 ($13,352.02). In the last ninety days, insiders have bought 4,242 shares of company stock worth $1,107,768.
Shares of Grainger PLC (LON GRI) traded down 1.17% during trading on Monday, reaching GBX 261.60. The company had a trading volume of 441,916 shares. The stock has a 50 day moving average of GBX 261.32 and a 200 day moving average of GBX 248.10. Grainger PLC has a 52-week low of GBX 193.00 and a 52-week high of GBX 271.10. The stock’s market capitalization is GBX 1.09 billion.
The firm also recently declared a dividend, which will be paid on Friday, June 30th. Stockholders of record on Thursday, June 1st will be issued a dividend of GBX 1.60 ($0.02) per share. The ex-dividend date of this dividend is Thursday, June 1st. This represents a dividend yield of 0.62%.
Grainger PLC Company Profile
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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