Several other research analysts have also recently issued reports on GRI. Numis Securities lowered shares of Grainger to an add rating and increased their price target for the company from GBX 300 ($4.14) to GBX 323 ($4.46) in a research report on Wednesday, November 29th. Peel Hunt reiterated a buy rating and issued a GBX 300 ($4.14) price target on shares of Grainger in a research report on Thursday, November 30th. Jefferies Group reaffirmed a hold rating and set a GBX 297 ($4.10) price target on shares of Grainger in a research note on Friday, December 1st. Finally, JPMorgan Chase & Co. reaffirmed a neutral rating and set a GBX 320 ($4.42) price target on shares of Grainger in a research note on Monday, January 15th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of GBX 316.83 ($4.38).
Grainger (GRI) opened at GBX 277.40 ($3.83) on Wednesday. Grainger has a 12 month low of GBX 243.05 ($3.36) and a 12 month high of GBX 385.25 ($5.32). The company has a market cap of $1,150.00 and a price-to-earnings ratio of 1,541.11.
In other news, insider Helen Gordon acquired 8,972 shares of Grainger stock in a transaction dated Wednesday, December 6th. The stock was acquired at an average cost of GBX 283 ($3.91) per share, for a total transaction of £25,390.76 ($35,079.80). Also, insider Justin Read acquired 6,500 shares of Grainger stock in a transaction dated Monday, December 4th. The stock was purchased at an average price of GBX 279 ($3.85) per share, with a total value of £18,135 ($25,055.26).
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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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