Peel Hunt restated their buy rating on shares of Grainger (LON:GRI) in a research note released on Wednesday. The brokerage currently has a GBX 300 ($4.21) price target on the stock.

GRI has been the subject of a number of other reports. Numis Securities downgraded shares of Grainger to an add rating and increased their price target for the stock from GBX 300 ($4.21) to GBX 323 ($4.53) in a research note on Wednesday, November 29th. JPMorgan Chase & Co. reissued a neutral rating and issued a GBX 320 ($4.49) price target on shares of Grainger in a research note on Monday, January 15th. Finally, Jefferies Group reissued a hold rating and issued a GBX 297 ($4.16) price target on shares of Grainger in a research note on Friday, December 1st. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus price target of GBX 316.83 ($4.44).

Grainger (LON:GRI) opened at GBX 271.60 ($3.81) on Wednesday. Grainger has a one year low of GBX 243.05 ($3.41) and a one year high of GBX 385.25 ($5.40). The stock has a market cap of $1,130.00 and a PE ratio of 1,508.89.

The firm also recently disclosed a dividend, which was paid on Friday, February 9th. Shareholders of record on Thursday, December 28th were issued a GBX 3.26 ($0.05) dividend. This represents a yield of 1.18%. The ex-dividend date was Thursday, December 28th. This is a boost from Grainger’s previous dividend of $1.60.

In other Grainger news, insider Justin Read acquired 6,500 shares of the business’s stock in a transaction on Monday, December 4th. The shares were acquired at an average price of GBX 279 ($3.91) per share, for a total transaction of £18,135 ($25,427.65). Also, insider Helen Gordon acquired 8,972 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was acquired at an average price of GBX 283 ($3.97) per share, for a total transaction of £25,390.76 ($35,601.18).

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About Grainger

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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