Grainger (LON:GRI) Rating Reiterated by Peel Hunt
Grainger (LON:GRI)‘s stock had its “buy” rating reissued by research analysts at Peel Hunt in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports.
GRI has been the topic of several other reports. Berenberg Bank assumed coverage on Grainger in a research report on Thursday, February 6th. They issued a “buy” rating and a GBX 400 ($5.26) target price on the stock. Barclays increased their target price on Grainger from GBX 260 ($3.42) to GBX 270 ($3.55) and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. Jefferies Financial Group increased their target price on Grainger from GBX 245 ($3.22) to GBX 300 ($3.95) and gave the stock a “hold” rating in a research report on Friday, November 29th. JPMorgan Chase & Co. raised their price objective on Grainger from GBX 310 ($4.08) to GBX 330 ($4.34) and gave the company an “overweight” rating in a research report on Thursday, January 16th. Finally, Numis Securities reissued an “add” rating on shares of Grainger in a research report on Wednesday, February 5th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company has an average rating of “Buy” and a consensus target price of GBX 310.71 ($4.09).
Shares of GRI opened at GBX 313.20 ($4.12) on Tuesday. 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 firm has a market capitalization of $1.92 billion and a P/E ratio of 15.82. The stock’s fifty day simple moving average is GBX 305.84 and its 200 day simple moving average is GBX 268.64. Grainger has a twelve month low of GBX 205.60 ($2.70) and a twelve month high of GBX 318 ($4.18).
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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