Grainger (LON:GRI) Stock Rating Reaffirmed by Peel Hunt

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

Several other research firms have 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) price objective on shares of Grainger in a research report on Friday, September 27th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of GBX 284 ($3.71).

GRI stock opened at GBX 262.40 ($3.43) on Tuesday. The stock’s fifty day simple moving average is GBX 254.18 and its two-hundred day simple moving average is GBX 246.90. The company has a current ratio of 10.35, a quick ratio of 2.42 and a debt-to-equity ratio of 103.56. Grainger has a 1-year low of GBX 204 ($2.67) and a 1-year high of GBX 274 ($3.58). The stock has a market cap of $1.60 billion and a P/E ratio of 13.39.

In other Grainger news, insider Helen Gordon acquired 116 shares of the business’s stock in a transaction on Monday, November 4th. The shares were acquired at an average price of GBX 258 ($3.37) per share, with a total value of £299.28 ($391.06). Also, insider Vanessa Simms acquired 124 shares of the business’s stock in a transaction on Friday, October 4th. The stock was acquired at an average cost of GBX 244 ($3.19) per share, for a total transaction 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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