Peel Hunt Reiterates Buy Rating for Grainger (GRI)
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.
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).
ILLEGAL ACTIVITY NOTICE: This news story was reported by TheOlympiaReport and is owned by of TheOlympiaReport. If you are viewing this news story on another domain, it was copied illegally and republished in violation of international copyright and trademark legislation. The legal version of this news story can be read at https://theolympiareport.com/2018/02/11/peel-hunt-reiterates-buy-rating-for-grainger-gri.html.
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.
Receive News & Ratings for Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grainger and related companies with MarketBeat.com's FREE daily email newsletter.