Grainger (GRI) Earns “Buy” Rating from N+1 Singer
A number of other brokerages have also recently issued reports on GRI. Peel Hunt reiterated a buy rating and set a GBX 300 ($4.21) target price on shares of Grainger in a research report on Thursday, November 30th. JPMorgan Chase & Co. restated a neutral rating and issued a GBX 320 ($4.49) price objective on shares of Grainger in a research report on Monday, January 15th. Jefferies Group restated a hold rating and issued a GBX 297 ($4.16) price objective on shares of Grainger in a research report on Friday, December 1st. Finally, Numis Securities cut shares of Grainger to an add rating and raised their price objective for the company from GBX 300 ($4.21) to GBX 323 ($4.53) in a research report on Wednesday, November 29th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. Grainger presently has an average rating of Buy and a consensus target price of GBX 316.83 ($4.44).
Shares of Grainger (GRI) opened at GBX 271.60 ($3.81) on Wednesday. The stock has a market cap of $1,140.00 and a PE ratio of 1,508.89. Grainger has a 1 year low of GBX 243.05 ($3.41) and a 1 year high of GBX 385.25 ($5.40).
In other Grainger news, insider Helen Gordon purchased 8,972 shares of the stock in a transaction dated Wednesday, December 6th. The stock was bought at an average price of GBX 283 ($3.97) per share, for a total transaction of £25,390.76 ($35,601.18). Also, insider Justin Read purchased 6,500 shares of the stock in a transaction dated Monday, December 4th. The shares were acquired at an average price of GBX 279 ($3.91) per share, with a total value of £18,135 ($25,427.65).
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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