Grainger (LON:GRI) Given Buy Rating at Peel Hunt

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Grainger (LON:GRI)‘s stock had its “buy” rating reissued by investment analysts at Peel Hunt in a research report issued on Tuesday, ThisIsMoney.Co.Uk reports.

Separately, Numis Securities cut Grainger to an “add” rating and increased their price objective for the stock from GBX 282 ($3.68) to GBX 295 ($3.85) in a research report on Thursday, May 16th.

Grainger stock opened at GBX 250 ($3.27) on Tuesday. Grainger has a twelve month low of GBX 204 ($2.67) and a twelve month high of GBX 285.05 ($3.72). The stock has a 50 day moving average of GBX 234.39 and a two-hundred day moving average of GBX 244.45. The company has a current ratio of 10.35, a quick ratio of 2.42 and a debt-to-equity ratio of 103.56. The stock has a market capitalization of $1.53 billion and a price-to-earnings ratio of 12.76.

In related news, insider Vanessa Simms acquired 138 shares of the firm’s stock in a transaction on Monday, August 5th. The stock was bought at an average cost of GBX 218 ($2.85) per share, with a total value of £300.84 ($393.10).

About Grainger

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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