Grainger Plc (LON:GRI) has earned a consensus recommendation of “Buy” from the six analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is GBX 311.67 ($4.17).

A number of research analysts have issued reports on GRI shares. Numis Securities lowered Grainger to an “add” rating and boosted their price target for the stock from GBX 300 ($4.01) to GBX 323 ($4.32) in a research report on Wednesday, November 29th. Peel Hunt reiterated a “buy” rating and set a GBX 300 ($4.01) price target on shares of Grainger in a research report on Thursday, November 30th. N+1 Singer reiterated a “buy” rating and set a GBX 320 ($4.28) price target on shares of Grainger in a research report on Wednesday, September 27th. Jefferies Group reiterated a “hold” rating and set a GBX 297 ($3.97) price target on shares of Grainger in a research report on Friday, December 1st. Finally, JPMorgan Chase & Co. boosted their price target on Grainger from GBX 310 ($4.14) to GBX 320 ($4.28) and gave the stock a “neutral” rating in a research report on Wednesday, December 6th.

Shares of Grainger (GRI) traded up GBX 0.80 ($0.01) during mid-day trading on Friday, reaching GBX 290 ($3.88). The company’s stock had a trading volume of 967,616 shares, compared to its average volume of 842,197. Grainger has a one year low of GBX 234.20 ($3.13) and a one year high of GBX 385.25 ($5.15). The firm has a market cap of $1,210.00 and a price-to-earnings ratio of 1,611.11.

The business also recently announced a dividend, which will be paid on Friday, February 9th. Stockholders of record on Thursday, December 28th will be given a dividend of GBX 3.26 ($0.04) per share. The ex-dividend date is Thursday, December 28th. This is a positive change from Grainger’s previous dividend of $1.60. This represents a dividend yield of 1.18%.

In other Grainger news, insider Justin Read purchased 6,500 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The shares were purchased at an average cost of GBX 279 ($3.73) per share, with a total value of £18,135 ($24,247.89). Also, insider Helen Gordon purchased 104 shares of the company’s stock in a transaction that occurred on Friday, November 3rd. The shares were acquired at an average cost of GBX 285 ($3.81) per share, for a total transaction of £296.40 ($396.31). Insiders have bought 15,576 shares of company stock worth $4,382,216 over the last ninety days.

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Grainger 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.

Analyst Recommendations for Grainger (LON:GRI)

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