Grainger PLC (LON:GRI) has earned an average rating of “Buy” from the six analysts that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is GBX 294.17 ($3.83).
GRI has been the topic of a number of recent analyst reports. Jefferies Group LLC raised their price target on shares of Grainger PLC from GBX 220 ($2.87) to GBX 266 ($3.47) and gave the company a “hold” rating in a report on Wednesday, April 26th. Barclays PLC initiated coverage on shares of Grainger PLC in a report on Thursday, May 25th. They issued an “overweight” rating and a GBX 310 ($4.04) price objective on the stock. Numis Securities Ltd reissued a “buy” rating and issued a GBX 300 ($3.91) price objective on shares of Grainger PLC in a report on Friday, May 19th. Peel Hunt reissued a “buy” rating and issued a GBX 300 ($3.91) price objective on shares of Grainger PLC in a report on Wednesday, May 17th. Finally, J P Morgan Chase & Co reissued a “neutral” rating and issued a GBX 260 ($3.39) price objective on shares of Grainger PLC in a report on Wednesday, May 31st.
In related news, insider Rob Wilkinson acquired 4,000 shares of Grainger PLC stock in a transaction dated Monday, June 5th. The shares were purchased at an average price of GBX 262 ($3.41) per share, for a total transaction of £10,480 ($13,652.94). Also, insider Nick Jopling acquired 120 shares of Grainger PLC stock in a transaction dated Wednesday, May 3rd. The shares were bought at an average price of GBX 250 ($3.26) per share, for a total transaction of £300 ($390.83). Insiders have acquired 4,236 shares of company stock worth $1,108,160 in the last ninety days.
Grainger PLC (LON GRI) traded down 1.76% during mid-day trading on Friday, hitting GBX 261.60. 501,299 shares of the stock traded hands. The stock’s market cap is GBX 1.09 billion. Grainger PLC has a 1-year low of GBX 212.60 and a 1-year high of GBX 271.70. The company’s 50 day moving average price is GBX 262.88 and its 200-day moving average price is GBX 254.05.
The company also recently declared a dividend, which was paid on Friday, June 30th. Shareholders of record on Thursday, June 1st were issued a dividend of GBX 1.60 ($0.02) per share. This represents a yield of 0.62%. The ex-dividend date was Thursday, June 1st.
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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