Grainger (LON:GRI)‘s stock had its “hold” rating reissued by investment analysts at Jefferies Group in a research note issued to investors on Thursday. They currently have a GBX 282 ($3.82) price objective on the stock. Jefferies Group’s target price suggests a potential upside of 0.14% from the stock’s previous close.

Other research analysts also recently issued reports about the company. Peel Hunt reaffirmed a “buy” rating and set a GBX 300 ($4.07) target price on shares of Grainger in a research note on Thursday, November 30th. N+1 Singer reaffirmed a “buy” rating and set a GBX 320 ($4.34) target price on shares of Grainger in a research note on Wednesday, September 27th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 320 ($4.34) target price on shares of Grainger in a research note on Monday. Finally, Numis Securities reaffirmed a “buy” rating and set a GBX 300 ($4.07) target price on shares of Grainger in a research note on Wednesday, September 27th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of GBX 309.17 ($4.19).

Shares of Grainger (GRI) traded down GBX 4.40 ($0.06) during mid-day trading on Thursday, hitting GBX 281.60 ($3.82). The stock had a trading volume of 1,149,231 shares, compared to its average volume of 800,724. The firm has a market cap of $1,170.00 and a P/E ratio of 1,564.44. Grainger has a twelve month low of GBX 234.20 ($3.18) and a twelve month high of GBX 385.25 ($5.22).

In other news, insider Helen Gordon acquired 8,972 shares of Grainger stock in a transaction that occurred on Wednesday, December 6th. The stock was purchased at an average cost of GBX 283 ($3.84) per share, with a total value of £25,390.76 ($34,432.82). Also, insider Justin Read acquired 6,500 shares of Grainger stock in a transaction that occurred on Monday, December 4th. The stock was purchased at an average cost of GBX 279 ($3.78) per share, with a total value of £18,135 ($24,593.17). Over the last three months, insiders purchased 15,576 shares of company stock valued at $4,382,216.

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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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