Grainger (LON:GRI) Earns Buy Rating from Peel Hunt

Grainger (LON:GRI)‘s stock had its “buy” rating reissued by analysts at Peel Hunt in a note issued to investors on Wednesday, December 6th, reports. They presently have a GBX 300 ($4.01) price objective on the stock. Peel Hunt’s price target indicates a potential upside of 3.63% from the company’s previous close.

Several other analysts also recently weighed in on the stock. Numis Securities downgraded shares of Grainger to an “add” rating and upped their price objective for the company from GBX 300 ($4.01) to GBX 323 ($4.32) in a report on Wednesday, November 29th. Jefferies Group reissued a “hold” rating and set a GBX 297 ($3.97) price target on shares of Grainger in a report on Friday, December 1st. Finally, N+1 Singer reissued a “buy” rating and set a GBX 320 ($4.28) price target on shares of Grainger in a report on Wednesday, September 27th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of GBX 311.67 ($4.17).

Grainger (LON GRI) traded up GBX 1.60 ($0.02) during trading hours on Wednesday, hitting GBX 289.50 ($3.87). 216,471 shares of the stock traded hands, compared to its average volume of 862,265. The company has a market cap of $1,210.00 and a price-to-earnings ratio of 1,608.33. Grainger has a twelve month low of GBX 232.90 ($3.11) and a twelve month high of GBX 385.25 ($5.15).

In related news, insider Helen Gordon bought 8,972 shares of the stock in a transaction on Wednesday, December 6th. The stock was bought at an average price of GBX 283 ($3.78) per share, with a total value of £25,390.76 ($33,949.41). Also, insider Vanessa Simms bought 112 shares of the stock in a transaction on Tuesday, October 3rd. The shares were bought at an average cost of GBX 267 ($3.57) per share, with a total value of £299.04 ($399.84). Insiders bought 15,688 shares of company stock valued at $4,412,120 over the last quarter.

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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.

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Analyst Recommendations for Grainger (LON:GRI)

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