Shares of Grainger PLC (LON:GRI) have been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is GBX 294.17 ($3.83).

A number of brokerages have recently weighed in on GRI. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 260 ($3.39) price objective on shares of Grainger PLC in a report on Monday, May 22nd. Peel Hunt reiterated a “buy” rating and set a GBX 300 ($3.91) price target on shares of Grainger PLC in a report on Monday, July 24th. Jefferies Group LLC upped their price target on shares of Grainger PLC from GBX 266 ($3.46) to GBX 275 ($3.58) and gave the company a “hold” rating in a report on Monday, May 22nd. Numis Securities Ltd reiterated a “buy” rating and set a GBX 300 ($3.91) price target on shares of Grainger PLC in a report on Friday, May 19th. Finally, Barclays PLC initiated coverage on shares of Grainger PLC in a report on Thursday, May 25th. They set an “overweight” rating and a GBX 310 ($4.04) price target for the company.

Grainger PLC (LON GRI) traded down 0.68% during midday trading on Tuesday, hitting GBX 263.80. 230,646 shares of the stock traded hands. The company’s market capitalization is GBX 1.10 billion. The stock’s 50-day moving average price is GBX 262.92 and its 200 day moving average price is GBX 255.34. Grainger PLC has a 52 week low of GBX 213.60 and a 52 week high of GBX 271.10.

In other news, insider Rob Wilkinson purchased 4,000 shares of the stock in a transaction that occurred on Monday, June 5th. The stock was bought at an average cost of GBX 262 ($3.41) per share, for a total transaction of £10,480 ($13,647.61). Also, insider Helen Gordon purchased 116 shares of the stock in a transaction that occurred on Thursday, August 3rd. The shares were purchased at an average price of GBX 261 ($3.40) per share, with a total value of £302.76 ($394.27). Insiders have purchased a total of 4,232 shares of company stock valued at $1,108,436 over the last quarter.

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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.

Analyst Recommendations for Grainger PLC (LON:GRI)

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