Shares of Grainger plc (LON:GRI) have received a consensus rating of “Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is GBX 322.20 ($4.61).
Several equities analysts recently commented on the stock. Peel Hunt reaffirmed a “buy” rating and set a GBX 300 ($4.30) price objective on shares of Grainger in a research note on Wednesday, February 7th. Jefferies Group reaffirmed a “hold” rating and set a GBX 282 ($4.04) price objective on shares of Grainger in a research note on Thursday, January 18th. N+1 Singer reaffirmed a “buy” rating and set a GBX 356 ($5.10) price objective on shares of Grainger in a research note on Wednesday, February 7th. Barclays reaffirmed an “overweight” rating and set a GBX 320 ($4.58) price objective on shares of Grainger in a research note on Thursday, February 22nd. Finally, JPMorgan Chase raised shares of Grainger to an “overweight” rating and boosted their price objective for the company from GBX 320 ($4.58) to GBX 330 ($4.73) in a research note on Thursday, January 25th.
Shares of GRI traded up GBX 0.60 ($0.01) during trading hours on Friday, hitting GBX 302.40 ($4.33). The company’s stock had a trading volume of 559,939 shares, compared to its average volume of 883,206. Grainger has a 52-week low of GBX 243.05 ($3.48) and a 52-week high of GBX 385.25 ($5.52).
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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 fund management, asset management, and property management services. The company was founded in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.
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