Grainger PLC (GRI) Receives Average Rating of “Buy” from Analysts

Shares of Grainger PLC (LON:GRI) have been given a consensus rating of “Buy” by the six analysts that are presently covering the company, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is GBX 310.83 ($4.37).

A number of research firms have commented on GRI. Peel Hunt reaffirmed a “buy” rating and set a GBX 300 ($4.21) price objective on shares of Grainger in a research report on Thursday, November 30th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a GBX 320 ($4.49) price objective on shares of Grainger in a research report on Monday, January 15th. Jefferies Group reaffirmed a “hold” rating and set a GBX 297 ($4.17) price objective on shares of Grainger in a research report on Friday, December 1st. Finally, Numis Securities cut shares of Grainger to an “add” rating and lifted their price objective for the stock from GBX 300 ($4.21) to GBX 323 ($4.54) in a research report on Wednesday, November 29th.

Shares of Grainger (LON GRI) traded down GBX 5.40 ($0.08) on Tuesday, reaching GBX 288.80 ($4.06). 633,094 shares of the company were exchanged, compared to its average volume of 870,765. The firm has a market capitalization of $1,210.00 and a P/E ratio of 1,604.44. Grainger has a fifty-two week low of GBX 234.20 ($3.29) and a fifty-two week high of GBX 385.25 ($5.41).

The business also recently disclosed a dividend, which will be paid on Friday, February 9th. Shareholders of record on Thursday, December 28th will be given a dividend of GBX 3.26 ($0.05) per share. This represents a yield of 1.18%. This is a boost from Grainger’s previous dividend of $1.60. The ex-dividend date of this dividend is Thursday, December 28th.

In other Grainger news, insider Helen Gordon bought 104 shares of Grainger stock in a transaction dated Friday, November 3rd. The stock was bought at an average price of GBX 285 ($4.00) per share, with a total value of £296.40 ($416.23). Also, insider Justin Read bought 6,500 shares of Grainger stock in a transaction dated Monday, December 4th. The stock was acquired at an average cost of GBX 279 ($3.92) per share, with a total value of £18,135 ($25,466.93). Over the last ninety days, insiders have acquired 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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