Grainger (GRI) Upgraded at Peel Hunt

Grainger (LON:GRI) was upgraded by equities research analysts at Peel Hunt to a “buy” rating in a research note issued on Monday, May 6th, ThisIsMoney.Co.Uk reports.

A number of other research analysts have also recently issued reports on the stock. Barclays lowered their price target on shares of Grainger from GBX 320 ($4.18) to GBX 260 ($3.40) and set an “equal weight” rating for the company in a research report on Friday, February 15th. JPMorgan Chase & Co. reissued an “overweight” rating and set a GBX 285 ($3.72) price target (down from GBX 350 ($4.57)) on shares of Grainger in a research report on Tuesday, January 8th.

Grainger stock traded up GBX 0.40 ($0.01) during trading hours on Monday, hitting GBX 251.20 ($3.28). The stock had a trading volume of 706,745 shares, compared to its average volume of 883,206. Grainger has a 1-year low of GBX 204 ($2.67) and a 1-year high of GBX 292.66 ($3.82). The firm has a market capitalization of $1.53 billion and a price-to-earnings ratio of 12.82. 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 related news, insider Helen Gordon purchased 118 shares of Grainger stock in a transaction dated Tuesday, March 5th. The stock was purchased at an average cost of GBX 251 ($3.28) per share, for a total transaction 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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