Grainger (GRI) Stock Rating Reaffirmed by Peel Hunt
Grainger (LON:GRI)‘s stock had its “add” rating restated by equities research analysts at Peel Hunt in a research note issued on Wednesday. They currently have a GBX 290 ($3.79) price objective on the stock. Peel Hunt’s price objective would suggest a potential upside of 28.89% from the company’s current price.
Separately, Numis Securities raised shares of Grainger to a “buy” rating and raised their target price for the stock from GBX 350 ($4.57) to GBX 369 ($4.82) in a report on Thursday, September 13th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Grainger currently has a consensus rating of “Buy” and a consensus price target of GBX 327.83 ($4.28).
Shares of GRI opened at GBX 225 ($2.94) on Wednesday. Grainger has a 12 month low of GBX 243.05 ($3.18) and a 12 month high of GBX 385.25 ($5.03).
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.
Read More: What is a Reverse Stock Split?
Receive News & Ratings for Grainger Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grainger and related companies with MarketBeat.com's FREE daily email newsletter.