GRI has been the subject of a number of other research reports. Jefferies Group reiterated a hold rating and issued a GBX 282 ($3.83) price objective on shares of Grainger in a research note on Thursday, January 18th. N+1 Singer reiterated a buy rating and issued a GBX 356 ($4.83) price objective on shares of Grainger in a research note on Wednesday, February 7th. Barclays reiterated an overweight rating and issued a GBX 320 ($4.34) price objective on shares of Grainger in a research note on Thursday, February 22nd. Finally, JPMorgan Chase upgraded Grainger to an overweight rating and boosted their price objective for the company from GBX 320 ($4.34) to GBX 330 ($4.48) in a research note on Thursday, January 25th. Four research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Grainger presently has an average rating of Hold and a consensus price target of GBX 328 ($4.45).
Shares of Grainger opened at GBX 309 ($4.19) on Tuesday, according to MarketBeat.com. Grainger has a 52-week low of GBX 243.05 ($3.30) and a 52-week high of GBX 385.25 ($5.23).
The company also recently disclosed a dividend, which will be paid on Thursday, July 5th. Shareholders of record on Thursday, May 24th will be paid a GBX 1.74 ($0.02) dividend. This represents a yield of 0.54%. The ex-dividend date of this dividend is Thursday, May 24th.
In related news, insider Vanessa Simms purchased 94 shares of the business’s stock in a transaction dated Friday, May 4th. The stock was acquired at an average price of GBX 317 ($4.30) per share, for a total transaction of £297.98 ($404.21).
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 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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