Grainger (GRI) Stock Rating Reaffirmed by Peel Hunt
Grainger (LON:GRI)‘s stock had its “buy” rating reissued by investment analysts at Peel Hunt in a research report issued to clients and investors on Wednesday, January 3rd. They presently have a GBX 300 ($4.21) price objective on the stock. Peel Hunt’s target price would indicate a potential upside of 1.97% from the company’s previous close.
A number of other equities research analysts also recently weighed in on the company. Numis Securities downgraded Grainger to an “add” rating and lifted their price objective for the company from GBX 300 ($4.21) to GBX 323 ($4.54) in a report on Wednesday, November 29th. JPMorgan Chase & Co. lifted their price objective on Grainger from GBX 310 ($4.35) to GBX 320 ($4.49) and gave the company a “neutral” rating in a report on Wednesday, December 6th. Jefferies Group reaffirmed a “hold” rating and set a GBX 297 ($4.17) price objective on shares of Grainger in a report on Friday, December 1st. Finally, N+1 Singer reaffirmed a “buy” rating and set a GBX 320 ($4.49) price objective on shares of Grainger in a report on Wednesday, September 27th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of GBX 310.83 ($4.37).
Grainger (LON GRI) traded down GBX 5.60 ($0.08) during midday trading on Wednesday, reaching GBX 294.20 ($4.13). The company’s stock had a trading volume of 892,941 shares, compared to its average volume of 891,470. The firm has a market capitalization of $1,230.00 and a P/E ratio of 1,634.44. Grainger has a 12 month low of GBX 234.20 ($3.29) and a 12 month high of GBX 385.25 ($5.41).
Grainger plc is a United Kingdom-based company, which operates as a residential landlord. The Company’s segments include Residential, Development, Funds and Other. Its assets include Regulated Tenancy Portfolio, Private Rented Sector Portfolio and Development. It has a portfolio of approximately 8,610 rental homes.
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