Peel Hunt Reiterates “Add” Rating for Grainger (LON:GRI)

Grainger (LON:GRI)‘s stock had its “add” rating reissued by investment analysts at Peel Hunt in a research note issued on Monday, ThisIsMoney.Co.Uk reports.

Other equities research analysts have also issued reports about the company. Barclays upped their price target on Grainger from GBX 265 ($3.26) to GBX 270 ($3.32) and gave the stock an “equal weight” rating in a research note on Friday, May 15th. Berenberg Bank reaffirmed a “buy” rating on shares of Grainger in a report on Wednesday, May 6th. JPMorgan Chase & Co. cut their price target on Grainger from GBX 370 ($4.55) to GBX 285 ($3.51) and set an “overweight” rating on the stock in a report on Tuesday, April 7th. Finally, Jefferies Financial Group raised Grainger to a “buy” rating in a research note on Thursday, April 2nd. Three research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of GBX 305.83 ($3.76).

Shares of LON:GRI opened at GBX 283 ($3.48) on Monday. The company has a quick ratio of 3.39, a current ratio of 11.65 and a debt-to-equity ratio of 88.74. Grainger has a 52-week low of GBX 189.76 ($2.34) and a 52-week high of GBX 341.80 ($4.21). The stock’s fifty day simple moving average is GBX 278.30 and its 200-day simple moving average is GBX 284.93. The company has a market capitalization of $1.87 billion and a P/E ratio of 16.55.

In other Grainger news, insider Helen Gordon bought 100 shares of the company’s stock in a transaction on Sunday, June 7th. The stock was bought at an average price of GBX 300 ($3.69) per share, for a total transaction of £300 ($369.19).

Grainger Company Profile

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.

Featured Article: Do equity income investments outperform growth and income investments?

Analyst Recommendations for Grainger (LON:GRI)

Receive News & Ratings for Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grainger and related companies with MarketBeat.com's FREE daily email newsletter.