Grainger (GRI) Rating Increased to Buy at Peel Hunt

Peel Hunt upgraded shares of Grainger (LON:GRI) to a buy rating in a report published on Tuesday, ThisIsMoney.Co.Uk reports.

Separately, Barclays decreased their price target on Grainger from GBX 320 ($4.18) to GBX 260 ($3.40) and set an equal weight rating on the stock in a research note on Friday, February 15th.

Shares of GRI stock opened at GBX 257.80 ($3.37) on Tuesday. The company has a current ratio of 12.77, a quick ratio of 3.15 and a debt-to-equity ratio of 118.27. The firm has a market capitalization of $1.57 billion and a P/E ratio of 12.33. Grainger has a one year low of GBX 204 ($2.67) and a one year high of GBX 292.66 ($3.82).

The business also recently declared a dividend, which will be paid on Friday, July 5th. Investors of record on Thursday, May 30th will be paid a GBX 1.73 ($0.02) dividend. This represents a yield of 0.66%. The ex-dividend date of this dividend is Thursday, May 30th. Grainger’s dividend payout ratio is 0.24%.

In related news, insider Helen Gordon purchased 118 shares of the firm’s stock in a transaction that occurred on Tuesday, March 5th. The shares were acquired at an average price of GBX 251 ($3.28) per share, with a total value of £296.18 ($387.01).

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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