Grainger (GRI) Given Neutral Rating at JPMorgan Chase & Co.
Grainger (LON:GRI)‘s stock had its “neutral” rating restated by equities research analysts at JPMorgan Chase & Co. in a research report issued to clients and investors on Monday. They presently have a GBX 320 ($4.34) price objective on the stock. JPMorgan Chase & Co.’s price target indicates a potential upside of 13.39% from the stock’s current price.
Several other research firms have also recently commented on GRI. Peel Hunt reiterated a “buy” rating and issued a GBX 300 ($4.07) price target on shares of Grainger in a research note on Friday, November 24th. Numis Securities cut Grainger to an “add” rating and boosted their price target for the stock from GBX 300 ($4.07) to GBX 323 ($4.38) in a research note on Wednesday, November 29th. Jefferies Group reissued a “hold” rating and issued a GBX 297 ($4.03) price objective on shares of Grainger in a report on Friday, December 1st. Finally, N+1 Singer reissued a “buy” rating and issued a GBX 320 ($4.34) price objective on shares of Grainger in a report on Wednesday, September 27th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of GBX 311.67 ($4.23).
Grainger (LON:GRI) traded up GBX 0.60 ($0.01) during trading hours on Monday, hitting GBX 282.20 ($3.83). The company had a trading volume of 1,062,109 shares, compared to its average volume of 792,487. Grainger has a fifty-two week low of GBX 234.20 ($3.18) and a fifty-two week high of GBX 385.25 ($5.22). The firm has a market capitalization of $1,180.00 and a PE ratio of 1,567.78.
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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.
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