Grainger PLC (GRI) Receives GBX 318.50 Average Target Price from Analysts
Grainger PLC (LON:GRI) has received a consensus recommendation of “Buy” from the six research firms that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 318.50 ($4.40).
Several analysts recently commented on the stock. Peel Hunt reissued a “buy” rating and set a GBX 300 ($4.14) target price on shares of Grainger in a research note on Wednesday, February 7th. Numis Securities lowered shares of Grainger to an “add” rating and increased their target price for the company from GBX 300 ($4.14) to GBX 323 ($4.46) in a research note on Wednesday, November 29th. Jefferies Group reissued a “hold” rating and set a GBX 282 ($3.90) target price on shares of Grainger in a research note on Thursday, January 18th. N+1 Singer reissued a “buy” rating and set a GBX 356 ($4.92) target price on shares of Grainger in a research note on Wednesday, February 7th. Finally, JPMorgan Chase & Co. increased their target price on shares of Grainger from GBX 310 ($4.28) to GBX 320 ($4.42) and gave the company a “neutral” rating in a research note on Wednesday, December 6th.
Grainger (LON:GRI) traded down GBX 1.20 ($0.02) during mid-day trading on Friday, reaching GBX 269.40 ($3.72). 1,347,365 shares of the company traded hands, compared to its average volume of 962,000. Grainger has a fifty-two week low of GBX 243.05 ($3.36) and a fifty-two week high of GBX 385.25 ($5.32). The firm has a market capitalization of $1,130.00 and a price-to-earnings ratio of 1,496.67.
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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