Grainger (GRI) Rating Reiterated by Peel Hunt

Grainger (LON:GRI)‘s stock had its “buy” rating restated by equities researchers at Peel Hunt in a research report issued to clients and investors on Wednesday. They presently have a GBX 300 ($4.01) price objective on the stock. Peel Hunt’s price objective suggests a potential upside of 3.31% from the company’s current price.

GRI has been the subject of a number of other reports. Numis Securities lowered Grainger to an “add” rating and increased their price objective for the stock from GBX 300 ($4.01) to GBX 323 ($4.32) in a report on Wednesday, November 29th. JPMorgan Chase & Co. increased their price objective on Grainger from GBX 310 ($4.14) to GBX 320 ($4.28) and gave the stock a “neutral” rating in a report on Wednesday, December 6th. Jefferies Group reaffirmed a “hold” rating and set a GBX 297 ($3.97) price target on shares of Grainger in a research note on Friday, December 1st. Finally, N+1 Singer reaffirmed a “buy” rating and set a GBX 320 ($4.28) price target on shares of Grainger in a research note on Wednesday, September 27th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Grainger has an average rating of “Buy” and an average target price of GBX 311.67 ($4.17).

Grainger (LON GRI) opened at GBX 290.40 ($3.88) on Wednesday. Grainger has a fifty-two week low of GBX 234.20 ($3.13) and a fifty-two week high of GBX 385.25 ($5.15). The stock has a market capitalization of $1,200.00 and a P/E ratio of 1,613.33.

In related news, insider Justin Read acquired 6,500 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was bought at an average price of GBX 279 ($3.73) per share, for a total transaction of £18,135 ($24,247.89). Also, insider Helen Gordon acquired 104 shares of the business’s stock in a transaction dated Friday, November 3rd. The shares were bought at an average price of GBX 285 ($3.81) per share, with a total value of £296.40 ($396.31). Insiders have bought a total of 15,576 shares of company stock valued at $4,382,216 in the last quarter.

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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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