Grainger PLC (LON:GRI) Given Consensus Recommendation of “Buy” by Analysts
Shares of Grainger PLC (LON:GRI) have received an average recommendation of “Buy” from the six ratings firms that are covering the firm, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is GBX 294.17 ($3.81).
Several equities analysts recently issued reports on GRI shares. Jefferies Group LLC lifted their price objective on Grainger PLC from GBX 220 ($2.85) to GBX 266 ($3.45) and gave the stock a “hold” rating in a report on Wednesday, April 26th. Peel Hunt reaffirmed a “buy” rating and set a GBX 300 ($3.89) price objective on shares of Grainger PLC in a report on Wednesday, May 17th. Barclays PLC started coverage on Grainger PLC in a report on Thursday, May 25th. They set an “overweight” rating and a GBX 310 ($4.02) price objective for the company. J P Morgan Chase & Co reaffirmed a “neutral” rating and set a GBX 260 ($3.37) price objective on shares of Grainger PLC in a report on Wednesday, May 31st. Finally, Numis Securities Ltd reaffirmed a “buy” rating and set a GBX 300 ($3.89) price objective on shares of Grainger PLC in a report on Friday, May 19th.
In other Grainger PLC news, insider Rob Wilkinson acquired 4,000 shares of the stock in a transaction dated Monday, June 5th. The stock was acquired at an average price of GBX 262 ($3.39) per share, with a total value of £10,480 ($13,575.13). Also, insider Nick Jopling acquired 116 shares of the stock in a transaction dated Monday, July 3rd. The stock was acquired at an average cost of GBX 260 ($3.37) per share, with a total value of £301.60 ($390.67). In the last ninety days, insiders bought 4,236 shares of company stock valued at $1,108,160.
Grainger PLC (LON GRI) traded up 0.19% on Friday, reaching GBX 261.70. The company had a trading volume of 375,207 shares. The company’s 50-day moving average is GBX 263.47 and its 200-day moving average is GBX 250.34. Grainger PLC has a 52-week low of GBX 209.20 and a 52-week high of GBX 271.10. The company’s market capitalization is GBX 1.09 billion.
The firm also recently disclosed a dividend, which was paid on Friday, June 30th. Stockholders of record on Thursday, June 1st were given a GBX 1.60 ($0.02) dividend. This represents a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, June 1st.
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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