Grainger (LON:GRI) Hits New 1-Year Low at $252.20

Shares of Grainger plc (LON:GRIGet Rating) hit a new 52-week low on Wednesday . The company traded as low as GBX 252.20 ($3.05) and last traded at GBX 260.60 ($3.15), with a volume of 50769 shares. The stock had previously closed at GBX 258.40 ($3.12).

Analysts Set New Price Targets

A number of brokerages have recently weighed in on GRI. Barclays dropped their price target on Grainger from GBX 290 ($3.50) to GBX 272 ($3.29) and set an “equal weight” rating on the stock in a research note on Monday, July 4th. Citigroup restated a “buy” rating and set a GBX 369 ($4.46) price target on shares of Grainger in a research note on Friday, July 8th. Berenberg Bank dropped their price target on Grainger from GBX 390 ($4.71) to GBX 345 ($4.17) and set a “buy” rating on the stock in a research note on Wednesday, August 31st. Finally, Jefferies Financial Group restated a “buy” rating and set a GBX 335 ($4.05) price target on shares of Grainger in a research note on Monday, September 12th. One equities research analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 347.29 ($4.20).

Grainger Trading Up 0.2 %

The stock has a 50-day moving average of GBX 279.12 and a 200 day moving average of GBX 288.96. The stock has a market cap of £1.87 billion and a PE ratio of 1,198.10. The company has a quick ratio of 1.58, a current ratio of 5.19 and a debt-to-equity ratio of 75.28.

Insider Activity at Grainger

In other news, insider Helen Gordon bought 106 shares of the company’s stock in a transaction that occurred on Friday, July 1st. The shares were purchased at an average price of GBX 280 ($3.38) per share, for a total transaction of ¬£296.80 ($358.63).

Grainger Company Profile

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Grainger plc, together with its subsidiaries, designs, owns, operates, manages, and rents residential properties in the United Kingdom. It also provides property and asset management services. The company was incorporated in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.

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