Grainger’s (GRI) “Buy” Rating Reiterated at Peel Hunt

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Peel Hunt reiterated their buy rating on shares of Grainger (LON:GRI) in a research note issued to investors on Tuesday morning, ThisIsMoney.Co.Uk reports.

GRI has been the subject of several other reports. Jefferies Financial Group increased their price objective on shares of Grainger from GBX 245 ($3.20) to GBX 300 ($3.92) and gave the stock a hold rating in a research report on Friday, November 29th. JPMorgan Chase & Co. boosted their target price on shares of Grainger from GBX 285 ($3.72) to GBX 310 ($4.05) and gave the company an overweight rating in a report on Thursday, November 28th. Peel Hunt reaffirmed a buy rating and set a GBX 290 ($3.79) price target on shares of Grainger in a research report on Friday, September 27th. Finally, Numis Securities reiterated an add rating on shares of Grainger in a report on Monday, September 30th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company presently has a consensus rating of Buy and an average price target of GBX 290.83 ($3.80).

Shares of LON:GRI opened at GBX 282.80 ($3.70) on Tuesday. The company has a market capitalization of $1.73 billion and a price-to-earnings ratio of 14.28. Grainger has a 52-week low of GBX 204 ($2.67) and a 52-week high of GBX 298 ($3.89). The company has a quick ratio of 1.17, a current ratio of 4.76 and a debt-to-equity ratio of 105.77. The company has a 50 day moving average of GBX 268.04 and a two-hundred day moving average of GBX 249.68.

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

In related news, insider Helen Gordon purchased 116 shares of the firm’s stock in a transaction 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 purchased 124 shares of the firm’s stock in a transaction on Friday, October 4th. The stock was bought at an average cost of GBX 244 ($3.19) per share, with a total value of £302.56 ($395.35).

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.

See Also: Commodities

Analyst Recommendations for Grainger (LON:GRI)

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