Peel Hunt reiterated their buy rating on shares of Grainger PLC (LON:GRI) in a report published on Tuesday morning. Peel Hunt currently has a GBX 300 ($3.88) price objective on the stock.

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.

Analyst Recommendations for Grainger PLC (LON:GRI)

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