Grainger (GRI) Receives “Buy” Rating from Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Grainger (LON:GRI) in a research note released on Wednesday morning. The firm currently has a GBX 300 ($4.21) target price on the stock.

Other research analysts also recently issued research reports about the stock. Jefferies Group restated a hold rating and set a GBX 282 ($3.95) price target on shares of Grainger in a research report on Thursday, January 18th. JPMorgan Chase & Co. upgraded shares of Grainger to an overweight rating and upped their price target for the stock from GBX 320 ($4.49) to GBX 330 ($4.63) in a research report on Thursday, January 25th. Finally, Numis Securities downgraded shares of Grainger to an add rating and upped their price target for the stock from GBX 300 ($4.21) to GBX 323 ($4.53) in a research report on Wednesday, November 29th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of GBX 316.83 ($4.44).

Grainger (LON GRI) opened at GBX 279.60 ($3.92) on Wednesday. Grainger has a 1 year low of GBX 243.05 ($3.41) and a 1 year high of GBX 385.25 ($5.40). The firm has a market cap of $1,150.00 and a PE ratio of 1,553.33.

The firm also recently disclosed a dividend, which will be paid on Friday, February 9th. Shareholders of record on Thursday, December 28th will be issued a GBX 3.26 ($0.05) dividend. This is an increase from Grainger’s previous dividend of $1.60. The ex-dividend date of this dividend is Thursday, December 28th. This represents a yield of 1.18%.

In other Grainger news, insider Justin Read acquired 6,500 shares of the business’s stock in a transaction on Monday, December 4th. The stock was bought at an average price of GBX 279 ($3.91) per share, for a total transaction of £18,135 ($25,427.65). Also, insider Helen Gordon acquired 8,972 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was acquired at an average price of GBX 283 ($3.97) per share, with a total value of £25,390.76 ($35,601.18).

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Grainger Company Profile

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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