Grainger (LON:GRI) had its target price lifted by JPMorgan Chase & Co. from GBX 310 ($4.08) to GBX 330 ($4.34) in a research note released on Thursday morning, Stock Target Advisor reports. They currently have an overweight rating on the stock.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group upped their target price on shares of Grainger from GBX 245 ($3.22) to GBX 300 ($3.95) and gave the company a hold rating in a research report on Friday, November 29th. Peel Hunt reaffirmed a buy rating and issued a GBX 290 ($3.81) target price on shares of Grainger in a research report on Friday, September 27th. Barclays upped their target price on shares of Grainger from GBX 260 ($3.42) to GBX 270 ($3.55) and gave the company an equal weight rating in a research report on Tuesday, December 10th. Peel Hunt reaffirmed a buy rating on shares of Grainger in a research report on Tuesday, January 7th. Finally, Numis Securities reaffirmed an add rating on shares of Grainger in a research report on Monday, September 30th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock has an average rating of Buy and a consensus target price of GBX 295.83 ($3.89).

LON GRI traded down GBX 0.20 ($0.00) during trading hours on Thursday, reaching GBX 302 ($3.97). The company had a trading volume of 1,384,804 shares, compared to its average volume of 883,206. The stock has a 50-day moving average of GBX 299.24 and a 200 day moving average of GBX 260.98. Grainger has a 1-year low of GBX 205.60 ($2.70) and a 1-year high of GBX 318 ($4.18). The company has a current ratio of 4.76, a quick ratio of 1.17 and a debt-to-equity ratio of 105.77. The stock has a market capitalization of $1.86 billion and a P/E ratio of 15.25.

The business also recently announced a dividend, which will be paid on Monday, February 10th. Shareholders of record on Thursday, January 2nd will be given a GBX 3.46 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a yield of 1.23%. This is a boost from Grainger’s previous dividend of $1.73. Grainger’s dividend payout ratio is presently 0.25%.

In other Grainger news, insider Helen Gordon purchased 116 shares of the business’s stock in a transaction on Monday, November 4th. The shares were bought at an average cost of GBX 258 ($3.39) per share, for a total transaction of £299.28 ($393.69). Also, insider Vanessa Simms purchased 106 shares of the business’s stock in a transaction on Thursday, December 5th. The shares were acquired at an average price of GBX 280 ($3.68) per share, for a total transaction of £296.80 ($390.42).

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 property and asset management services. The company was founded in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.

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Analyst Recommendations for Grainger (LON:GRI)

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