Grainger (LON:GRI) Earns “Buy” Rating from Peel Hunt

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

Several other equities analysts have also commented on the stock. Berenberg Bank began coverage on shares of Grainger in a research report on Thursday, February 6th. They set a buy rating and a GBX 400 ($5.26) price target for the company. Jefferies Financial Group upped their price target on shares of Grainger from GBX 245 ($3.22) to GBX 300 ($3.95) and gave the stock a hold rating in a research report on Friday, November 29th. Numis Securities reaffirmed an add rating on shares of Grainger in a research report on Wednesday, February 5th. Barclays upped their price target on shares of Grainger from GBX 260 ($3.42) to GBX 270 ($3.55) and gave the stock an equal weight rating in a research report on Tuesday, December 10th. Finally, JPMorgan Chase & Co. upped their price target on shares of Grainger from GBX 310 ($4.08) to GBX 330 ($4.34) and gave the stock an overweight rating in a research report on Thursday, January 16th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average price target of GBX 310.71 ($4.09).

Shares of GRI stock opened at GBX 316 ($4.16) on Tuesday. Grainger has a one year low of GBX 205.60 ($2.70) and a one year high of GBX 318 ($4.18). The company has a debt-to-equity ratio of 105.77, a quick ratio of 1.17 and a current ratio of 4.76. The company has a 50 day moving average price of GBX 305.97 and a 200 day moving average price of GBX 269.04. The firm has a market capitalization of $1.93 billion and a price-to-earnings ratio of 15.96.

The firm also recently disclosed a dividend, which was paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd were given a GBX 3.46 ($0.05) dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a dividend yield of 1.23%. This is a positive change from Grainger’s previous dividend of $1.73. Grainger’s dividend payout ratio is presently 0.25%.

In other Grainger news, insider Vanessa Simms acquired 106 shares of the company’s stock in a transaction dated Thursday, December 5th. The stock was bought at an average price of GBX 280 ($3.68) per share, with a total value of £296.80 ($390.42).

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.

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Analyst Recommendations for Grainger (LON:GRI)

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