Grainger’s (GRI) Buy Rating Reiterated at Peel Hunt
GRI has been the topic of a number of other reports. Numis Securities cut shares of Grainger to an add rating and upped their price target for the company from GBX 300 ($4.01) to GBX 323 ($4.32) in a research note on Wednesday, November 29th. JPMorgan Chase & Co. upped their price target on shares of Grainger from GBX 310 ($4.14) to GBX 320 ($4.28) and gave the company a neutral rating in a research note on Wednesday, December 6th. Jefferies Group restated a hold rating and set a GBX 297 ($3.97) price target on shares of Grainger in a research note on Friday, December 1st. Finally, N+1 Singer restated a buy rating and set a GBX 320 ($4.28) price target on shares of Grainger in a research note on Wednesday, September 27th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of Buy and a consensus price target of GBX 311.67 ($4.17).
Shares of Grainger (GRI) opened at GBX 290 ($3.88) on Wednesday. The company has a market cap of $1,210.00 and a P/E ratio of 1,611.11. Grainger has a 52 week low of GBX 234.20 ($3.13) and a 52 week high of GBX 385.25 ($5.15).
In other news, insider Justin Read bought 6,500 shares of the stock in a transaction on Monday, December 4th. The shares were acquired at an average cost of GBX 279 ($3.73) per share, for a total transaction of £18,135 ($24,247.89). Also, insider Helen Gordon bought 8,972 shares of the stock in a transaction on Wednesday, December 6th. The stock was purchased at an average price of GBX 283 ($3.78) per share, for a total transaction of £25,390.76 ($33,949.41). Insiders acquired a total of 15,576 shares of company stock worth $4,382,216 over the last quarter.
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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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