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.

WARNING: This piece of content was originally reported by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was illegally stolen and republished in violation of US and international copyright legislation. The correct version of this piece of content can be read at https://www.americanbankingnews.com/2017/06/19/grainger-plc-gri-given-average-recommendation-of-buy-by-analysts.html.

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.

Receive News & Ratings for Grainger PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grainger PLC and related companies with MarketBeat.com's FREE daily email newsletter.