Grainger (GRI) Earns Buy Rating from Peel Hunt

Peel Hunt reiterated their buy rating on shares of Grainger (LON:GRI) in a research note released on Tuesday.

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).

Grainger (LON:GRI) last issued its quarterly earnings data on Thursday, May 17th. The company reported GBX 10.10 ($0.14) earnings per share for the quarter. Grainger had a return on equity of 10.94% and a net margin of 143.68%.

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.

Analyst Recommendations for Grainger (LON:GRI)

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