Grainger Plc (GRI) Receives Average Recommendation of “Buy” from Brokerages
Grainger Plc (LON:GRI) has received an average recommendation of “Buy” from the six analysts that are currently covering the stock, MarketBeat.com reports. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 311.67 ($4.19).
GRI has been the subject of several recent analyst reports. Numis Securities cut shares of Grainger to an “add” rating and lifted their target price for the stock from GBX 300 ($4.04) to GBX 323 ($4.35) in a report on Wednesday, November 29th. Peel Hunt reaffirmed a “buy” rating and issued a GBX 300 ($4.04) target price on shares of Grainger in a report on Friday, November 24th. N+1 Singer reaffirmed a “buy” rating and issued a GBX 320 ($4.31) target price on shares of Grainger in a report on Wednesday, September 27th. Jefferies Group reaffirmed a “hold” rating and issued a GBX 297 ($4.00) target price on shares of Grainger in a report on Friday, December 1st. Finally, J P Morgan Chase & Co lifted their target price on shares of Grainger from GBX 310 ($4.17) to GBX 320 ($4.31) and gave the stock a “neutral” rating in a report on Wednesday, December 6th.
In related news, insider Vanessa Simms acquired 112 shares of the firm’s stock in a transaction dated Tuesday, October 3rd. The stock was purchased at an average cost of GBX 267 ($3.59) per share, with a total value of £299.04 ($402.48). Also, insider Helen Gordon acquired 104 shares of the firm’s stock in a transaction dated Friday, November 3rd. The shares were bought at an average cost of GBX 285 ($3.84) per share, with a total value of £296.40 ($398.92). Insiders have bought 15,688 shares of company stock valued at $4,412,120 over the last three months.
The business also recently disclosed a dividend, which will be paid on Friday, February 9th. Stockholders of record on Thursday, December 28th will be issued a dividend of GBX 3.26 ($0.04) per share. This represents a dividend yield of 1.18%. This is a boost from Grainger’s previous dividend of $1.60. The ex-dividend date of this dividend is Thursday, December 28th.
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Grainger Company Profile
Grainger plc is a United Kingdom-based company, which operates as a residential landlord. The Company’s segments include Residential, Development, Funds and Other. Its assets include Regulated Tenancy Portfolio, Private Rented Sector Portfolio and Development. It has a portfolio of approximately 8,610 rental homes.
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