Grainger (LON:GRI) was downgraded by Peel Hunt to an “add” rating in a report issued on Thursday. They currently have a GBX 330 ($4.48) price objective on the stock, up from their previous price objective of GBX 300 ($4.07). Peel Hunt’s price objective suggests a potential upside of 3.51% from the company’s previous close.
Several other research firms also recently weighed in on GRI. JPMorgan Chase upgraded Grainger to an “overweight” rating and increased their target price for the stock from GBX 320 ($4.34) to GBX 330 ($4.48) in a research report on Thursday, January 25th. Jefferies Group restated a “hold” rating and set a GBX 282 ($3.83) price target on shares of Grainger in a research note on Thursday, January 18th. Barclays restated an “overweight” rating and set a GBX 320 ($4.34) price target on shares of Grainger in a research note on Thursday, February 22nd. Finally, N+1 Singer restated a “buy” rating and set a GBX 356 ($4.83) price target on shares of Grainger in a research note on Wednesday, February 7th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of GBX 328 ($4.45).
LON GRI opened at GBX 318.80 ($4.32) on Thursday. Grainger has a twelve month low of GBX 243.05 ($3.30) and a twelve month high of GBX 385.25 ($5.23).
In other news, insider Vanessa Simms purchased 94 shares of the company’s stock in a transaction on Friday, May 4th. The stock was bought at an average cost of GBX 317 ($4.30) per share, for a total transaction of £297.98 ($404.21).
Grainger Company Profile
Grainger plc, together with its subsidiaries, owns, develops, manages, and rents residential properties in the United Kingdom The company operates through three segments: Residential, Development, and Funds. It also provides fund management, asset management, and property management services. The company was founded in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.
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