Peel Hunt restated their buy rating on shares of Grainger (LON:GRI) in a report released on Tuesday morning, ThisIsMoney.Co.Uk reports.
Other equities research analysts have also issued reports about the company. JPMorgan Chase & Co. raised their price objective on Grainger from GBX 310 ($4.08) to GBX 330 ($4.34) and gave the stock an overweight rating in a research report on Thursday, January 16th. Jefferies Financial Group raised their price objective on Grainger from GBX 245 ($3.22) to GBX 300 ($3.95) and gave the stock a hold rating in a research report on Friday, November 29th. Numis Securities restated an add rating on shares of Grainger in a research report on Wednesday, February 5th. Barclays raised their price objective on Grainger from GBX 260 ($3.42) to GBX 270 ($3.55) and gave the stock an equal weight rating in a research report on Tuesday, December 10th. Finally, Berenberg Bank initiated coverage on Grainger in a research report on Thursday, February 6th. They set a buy rating and a GBX 400 ($5.26) price objective for the company. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Grainger presently has an average rating of Buy and a consensus price target of GBX 310.71 ($4.09).
Shares of LON GRI opened at GBX 331.40 ($4.36) on Tuesday. Grainger has a one year low of GBX 205.60 ($2.70) and a one year high of GBX 318 ($4.18). The firm has a market capitalization of $2.03 billion and a PE ratio of 16.74. The company has a current ratio of 4.76, a quick ratio of 1.17 and a debt-to-equity ratio of 105.77. The business has a 50-day moving average price of GBX 306.42 and a two-hundred day moving average price of GBX 269.53.
The company also recently declared a dividend, which was paid on Monday, February 10th. Stockholders of record on Thursday, January 2nd were issued a dividend of GBX 3.46 ($0.05) per share. This represents a dividend yield of 1.23%. This is a positive change from Grainger’s previous dividend of $1.73. The ex-dividend date was Thursday, January 2nd. Grainger’s payout ratio is currently 0.25%.
In other news, insider Vanessa Simms purchased 106 shares of Grainger stock in a transaction dated Thursday, December 5th. The stock was acquired at an average cost of GBX 280 ($3.68) per share, for a total transaction of £296.80 ($390.42).
Grainger plc, together with its subsidiaries, owns, develops, manages, and rents residential properties in the United Kingdom. The company operates through three segments: Residential, Development, and Funds. 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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