Grainger PLC (GRI) Given “Buy” Rating at Peel Hunt
Grainger PLC (LON:GRI)‘s stock had its “buy” rating reissued by equities research analysts at Peel Hunt in a research report issued to clients and investors on Monday. They currently have a GBX 300 ($3.92) target price on the stock. Peel Hunt’s target price would indicate a potential upside of 12.70% from the company’s previous close.
A number of other equities research analysts also recently issued reports on the company. Jefferies Group LLC boosted their price target on Grainger PLC from GBX 220 ($2.87) to GBX 266 ($3.47) and gave the company a “hold” rating in a research note on Wednesday, April 26th. Barclays PLC initiated coverage on Grainger PLC in a research note on Thursday, May 25th. They set an “overweight” rating and a GBX 310 ($4.05) price target for the company. Numis Securities Ltd restated a “buy” rating and set a GBX 300 ($3.92) price target on shares of Grainger PLC in a research note on Friday, May 19th. Finally, J P Morgan Chase & Co restated a “neutral” rating and set a GBX 260 ($3.40) price target on shares of Grainger PLC in a research note on Wednesday, May 31st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of GBX 294.17 ($3.84).
Shares of Grainger PLC (GRI) traded down 0.22% during midday trading on Monday, hitting GBX 267.80. 341,931 shares of the stock were exchanged. Grainger PLC has a 52-week low of GBX 211.40 and a 52-week high of GBX 271.10. The firm’s 50 day moving average price is GBX 262.35 and its 200-day moving average price is GBX 253.08. The stock’s market cap is GBX 1.11 billion.
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In related news, insider Rob Wilkinson acquired 4,000 shares of the business’s stock in a transaction that occurred on Monday, June 5th. The stock was bought at an average cost of GBX 262 ($3.42) per share, for a total transaction of £10,480 ($13,685.04). Also, insider Nick Jopling acquired 116 shares of the business’s stock in a transaction that occurred on Monday, July 3rd. The shares were bought at an average price of GBX 260 ($3.40) per share, with a total value of £301.60 ($393.84). Over the last quarter, insiders have purchased 4,236 shares of company stock valued at $1,108,160.
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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