Grainger’s (GRI) Buy Rating Reaffirmed at Peel Hunt

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

Several other research firms also recently weighed in on GRI. Numis Securities reissued an add rating on shares of Grainger in a research report on Monday, September 30th. Peel Hunt reissued a buy rating and issued a GBX 290 ($3.79) target price on shares of Grainger in a research report on Friday, September 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of GBX 284 ($3.71).

GRI opened at GBX 265 ($3.46) on Tuesday. The company has a 50-day moving average of GBX 248 and a 200-day moving average of GBX 245.14. The company has a market capitalization of $1.62 billion and a P/E ratio of 13.52. Grainger has a 1-year low of GBX 204 ($2.67) and a 1-year high of GBX 265.31 ($3.47). The company has a debt-to-equity ratio of 103.56, a quick ratio of 2.42 and a current ratio of 10.35.

In other Grainger news, insider Vanessa Simms purchased 124 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was acquired at an average cost of GBX 244 ($3.19) per share, with a total value of £302.56 ($395.35).

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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Analyst Recommendations for Grainger (LON:GRI)

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