Grainger plc (LON:GRI) announced a dividend on Thursday, May 17th, Upcoming.Co.Uk reports. Stockholders of record on Thursday, May 24th will be paid a dividend of GBX 1.74 ($0.02) per share on Thursday, July 5th. This represents a dividend yield of 0.54%. The ex-dividend date is Thursday, May 24th. The official announcement can be accessed at this link.
Shares of Grainger opened at GBX 310.40 ($4.21) on Friday, MarketBeat Ratings reports. Grainger has a 52 week low of GBX 243.05 ($3.30) and a 52 week high of GBX 385.25 ($5.23).
Grainger (LON:GRI) last issued its quarterly earnings data on Thursday, May 17th. The company reported GBX 10.10 ($0.14) EPS for the quarter. Grainger had a return on equity of 10.94% and a net margin of 143.68%.
In other Grainger news, insider Vanessa Simms bought 94 shares of Grainger stock in a transaction dated Friday, May 4th. The stock was bought at an average cost of GBX 317 ($4.30) per share, with a total value of £297.98 ($404.21).
GRI has been the subject of several analyst reports. Peel Hunt reissued a “buy” rating on shares of Grainger in a research note on Wednesday, May 9th. JPMorgan Chase raised Grainger to an “overweight” rating and increased their price objective for the stock from GBX 320 ($4.34) to GBX 330 ($4.48) in a research note on Thursday, January 25th. Barclays reissued an “overweight” rating and issued a GBX 320 ($4.34) price objective on shares of Grainger in a research note on Thursday, February 22nd. N+1 Singer reissued a “buy” rating and issued a GBX 356 ($4.83) price objective on shares of Grainger in a research note on Wednesday, February 7th. Finally, Jefferies Group reissued a “hold” rating and issued a GBX 282 ($3.83) price objective on shares of Grainger in a research note on Thursday, January 18th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of GBX 328 ($4.45).
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 fund management, asset management, and property management services. The company was founded in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.
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