Grainger PLC’s (GRI) Buy Rating Reaffirmed at Peel Hunt
Other equities research analysts also recently issued research reports about the company. Jefferies Group LLC lifted their target price on Grainger PLC from GBX 266 ($3.44) to GBX 275 ($3.56) and gave the company a hold rating in a research report on Monday, May 22nd. J P Morgan Chase & Co restated a neutral rating and issued a GBX 260 ($3.36) target price on shares of Grainger PLC in a research report on Monday, May 22nd. Numis Securities Ltd restated a buy rating and issued a GBX 300 ($3.88) target price on shares of Grainger PLC in a research report on Friday, May 19th. Finally, Barclays PLC assumed coverage on Grainger PLC in a research report on Thursday, May 25th. They issued an overweight rating and a GBX 310 ($4.01) target price on the stock. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of Buy and an average price target of GBX 294.17 ($3.80).
Grainger PLC (LON GRI) opened at 252.80 on Tuesday. The company’s market cap is GBX 1.05 billion. The stock has a 50 day moving average of GBX 260.78 and a 200 day moving average of GBX 256.80. Grainger PLC has a one year low of GBX 214.30 and a one year high of GBX 271.70.
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In related news, insider Nick Jopling bought 116 shares of the stock in a transaction that occurred on Monday, July 3rd. The stock was purchased at an average cost of GBX 260 ($3.36) per share, with a total value of £301.60 ($390.07). Also, insider Rob Wilkinson bought 4,000 shares of the stock in a transaction that occurred on Monday, June 5th. The shares were bought at an average cost of GBX 262 ($3.39) per share, with a total value of £10,480 ($13,554.06). Insiders have purchased a total of 4,232 shares of company stock valued at $1,108,436 over the last three months.
Grainger PLC 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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