Grainger’s (GRI) Buy Rating Reaffirmed at Peel Hunt
Peel Hunt reissued their buy rating on shares of Grainger (LON:GRI) in a report released on Tuesday, ThisIsMoney.Co.Uk reports.
GRI has been the topic of several other research reports. Jefferies Financial Group raised 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 note on Friday, November 29th. Berenberg Bank assumed coverage on shares of Grainger in a research note on Thursday, February 6th. They set a buy rating and a GBX 400 ($5.26) target price on the stock. JPMorgan Chase & Co. raised their target price on shares of Grainger from GBX 310 ($4.08) to GBX 330 ($4.34) and gave the company an overweight rating in a research note on Thursday, January 16th. Barclays raised 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 note on Tuesday, December 10th. Finally, Numis Securities reissued an add rating on shares of Grainger in a research note on Wednesday, February 5th. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company presently has an average rating of Buy and an average price target of GBX 310.71 ($4.09).
Grainger stock opened at GBX 316 ($4.16) on Tuesday. The stock has a market cap of $1.93 billion and a price-to-earnings ratio of 15.96. 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 company’s 50-day moving average price is GBX 305.97 and its two-hundred day moving average price is GBX 269.04. Grainger has a 52 week low of GBX 205.60 ($2.70) and a 52 week high of GBX 318 ($4.18).
In related news, insider Vanessa Simms bought 106 shares of the stock in a transaction on Thursday, December 5th. The shares were purchased at an average price of GBX 280 ($3.68) per share, with a total value 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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