Grainger (LON:GRI) Hits New 52-Week High at $274.40

Shares of Grainger PLC (LON:GRI) hit a new 52-week high on Friday . The stock traded as high as GBX 274.40 ($3.59) and last traded at GBX 274.40 ($3.59), with a volume of 612410 shares traded. The stock had previously closed at GBX 269.80 ($3.53).

Several research analysts have recently weighed in on the company. Peel Hunt reaffirmed a “buy” rating and set a GBX 290 ($3.79) target price on shares of Grainger in a research note on Friday, September 27th. Peel Hunt reaffirmed a “buy” rating on shares of Grainger in a research note on Tuesday, November 5th. Finally, Numis Securities reaffirmed an “add” rating on shares of Grainger in a research note on Monday, September 30th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of GBX 284 ($3.71).

The company has a 50 day moving average of GBX 256.79 and a 200 day moving average of GBX 247.23. The company has a debt-to-equity ratio of 103.56, a quick ratio of 2.42 and a current ratio of 10.35. The stock has a market capitalization of $1.67 billion and a price-to-earnings ratio of 13.85.

In other news, insider Helen Gordon acquired 116 shares of Grainger stock in a transaction that occurred on Monday, November 4th. The stock was purchased at an average cost of GBX 258 ($3.37) per share, with a total value of £299.28 ($391.06). Also, insider Vanessa Simms acquired 124 shares of Grainger stock in a transaction that occurred on Friday, October 4th. The stock was purchased at an average cost of GBX 244 ($3.19) per share, with a total value of £302.56 ($395.35).

About Grainger (LON:GRI)

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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