Grainger plc (LON:GRI) Receives GBX 355 Average Target Price from Analysts

Grainger plc (LON:GRI) has been assigned an average rating of “Buy” from the six research firms that are currently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is GBX 357.50 ($4.67).

GRI has been the topic of a number of recent research reports. Peel Hunt reiterated a “buy” rating and set a GBX 370 ($4.83) price target on shares of Grainger in a research note on Thursday, November 18th. Berenberg Bank lifted their price target on shares of Grainger from GBX 375 ($4.90) to GBX 390 ($5.10) and gave the stock a “buy” rating in a research note on Friday, November 19th. JPMorgan Chase & Co. lifted their price objective on Grainger from GBX 350 ($4.57) to GBX 370 ($4.83) and gave the company an “overweight” rating in a report on Thursday, September 9th. Finally, Peel Hunt reissued a “buy” rating and set a GBX 370 ($4.83) price objective on shares of Grainger in a report on Thursday, November 18th.

In other Grainger news, insider Helen Gordon purchased 88 shares of the business’s stock in a transaction that occurred on Friday, September 3rd. The stock was acquired at an average cost of GBX 334 ($4.36) per share, with a total value of £293.92 ($384.01). Over the last three months, insiders have acquired 278 shares of company stock valued at $89,384.

GRI traded up GBX 1.60 ($0.02) during trading on Thursday, reaching GBX 314.60 ($4.11). 370,707 shares of the company’s stock were exchanged, compared to its average volume of 1,210,839. Grainger has a fifty-two week low of GBX 257.10 ($3.36) and a fifty-two week high of GBX 340 ($4.44). The company has a quick ratio of 2.81, a current ratio of 9.16 and a debt-to-equity ratio of 91.47. The business has a 50 day moving average price of GBX 312.58 and a 200 day moving average price of GBX 302.76. The company has a market capitalization of £2.33 billion and a P/E ratio of 22.96.

The business also recently disclosed a dividend, which will be paid on Monday, February 14th. Shareholders of record on Thursday, December 30th will be issued a dividend of GBX 3.32 ($0.04) per share. The ex-dividend date is Thursday, December 30th. This is a boost from Grainger’s previous dividend of $1.83. This represents a dividend yield of 1.04%. Grainger’s dividend payout ratio (DPR) is presently 0.40%.

About Grainger

Grainger plc, together with its subsidiaries, owns, develops, manages, and rents residential properties in the United Kingdom. It also provides property and asset management services. The company was founded in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.

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Analyst Recommendations for Grainger (LON:GRI)

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