N+1 Singer reaffirmed their buy rating on shares of Grainger (LON:GRI) in a research report report published on Wednesday. N+1 Singer currently has a GBX 356 ($4.99) price objective on the stock.

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).

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

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).

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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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