Grainger PLC (GRI) Given Consensus Rating of “Buy” by Brokerages
Shares of Grainger PLC (LON:GRI) have received an average rating of “Buy” from the six brokerages that are presently covering the stock, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have covered the stock in the last year is GBX 294.17 ($3.91).
Several equities analysts recently weighed in on GRI shares. N+1 Singer reaffirmed a “buy” rating and issued a GBX 320 ($4.25) price objective on shares of Grainger PLC in a research note on Wednesday, September 27th. Numis Securities Ltd restated a “buy” rating and set a GBX 300 ($3.99) price objective on shares of Grainger PLC in a report on Wednesday, September 27th. Finally, Peel Hunt restated a “buy” rating and set a GBX 300 ($3.99) price objective on shares of Grainger PLC in a report on Tuesday, August 29th.
In related news, insider Vanessa Simms purchased 112 shares of the company’s stock in a transaction on Tuesday, October 3rd. The shares were bought at an average price of GBX 267 ($3.55) per share, with a total value of £299.04 ($397.34). Also, insider Nick Jopling purchased 116 shares of the company’s stock in a transaction on Friday, September 8th. The stock was bought at an average cost of GBX 260 ($3.45) per share, for a total transaction of £301.60 ($400.74). Over the last 90 days, insiders acquired 344 shares of company stock valued at $90,340.
Shares of Grainger PLC (LON GRI) traded down 1.02% during mid-day trading on Friday, reaching GBX 272.00. The company’s stock had a trading volume of 325,274 shares. The company’s market capitalization is GBX 1.13 billion. The company’s 50 day moving average price is GBX 263.18 and its 200-day moving average price is GBX 259.90. Grainger PLC has a 1-year low of GBX 214.30 and a 1-year high of GBX 276.60.
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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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