Grainger (GRI) Given Hold Rating at Jefferies Group

Jefferies Group reaffirmed their hold rating on shares of Grainger (LON:GRI) in a report released on Thursday. The firm currently has a GBX 282 ($3.82) price target on the stock.

Several other research firms have also recently weighed in on GRI. Peel Hunt restated a buy rating and issued a GBX 300 ($4.07) price objective on shares of Grainger in a research report on Friday, November 24th. Numis Securities cut shares of Grainger to an add rating and upped their price objective for the stock from GBX 300 ($4.07) to GBX 323 ($4.38) in a research report on Wednesday, November 29th. JPMorgan Chase & Co. restated a neutral rating and issued a GBX 320 ($4.34) price objective on shares of Grainger in a research report on Monday, January 15th. Finally, N+1 Singer restated a buy rating and issued a GBX 320 ($4.34) price objective on shares of Grainger in a research report on Wednesday, September 27th. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The company currently has an average rating of Buy and an average price target of GBX 309.17 ($4.19).

Grainger (LON GRI) traded up GBX 0.80 ($0.01) during mid-day trading on Thursday, hitting GBX 282.40 ($3.83). 1,550,000 shares of the company traded hands, compared to its average volume of 808,323. The company has a market capitalization of $1,180.00 and a PE ratio of 1,568.89. Grainger has a one year low of GBX 234.20 ($3.18) and a one year high of GBX 385.25 ($5.22).

The firm also recently declared a dividend, which will be paid on Friday, February 9th. Shareholders of record on Thursday, December 28th will be given a dividend of GBX 3.26 ($0.04) per share. This is a boost from Grainger’s previous dividend of $1.60. This represents a yield of 1.18%. The ex-dividend date of this dividend is Thursday, December 28th.

In other Grainger news, insider Justin Read purchased 6,500 shares of Grainger stock in a transaction on Monday, December 4th. The shares were acquired at an average cost of GBX 279 ($3.78) per share, for a total transaction of £18,135 ($24,593.17). Also, insider Helen Gordon purchased 104 shares of Grainger stock in a transaction on Friday, November 3rd. The shares were acquired at an average price of GBX 285 ($3.86) per share, for a total transaction of £296.40 ($401.95). Insiders have acquired 15,576 shares of company stock worth $4,382,216 over the last quarter.

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Grainger 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 (LON:GRI)

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