Grainger (LON:GRI)‘s stock had its “overweight” rating reaffirmed by equities researchers at Barclays in a research note issued to investors on Thursday. They currently have a GBX 320 ($4.42) price target on the stock. Barclays’ price objective would suggest a potential upside of 14.70% from the stock’s previous close.
A number of other equities analysts also recently commented on the company. Peel Hunt restated a “buy” rating and set a GBX 300 ($4.14) target price on shares of Grainger in a report on Wednesday, December 6th. Numis Securities cut Grainger to an “add” rating and upped their price target for the stock from GBX 300 ($4.14) to GBX 323 ($4.46) in a research note on Wednesday, November 29th. JPMorgan Chase & Co. upped their price target on Grainger from GBX 310 ($4.28) to GBX 320 ($4.42) and gave the stock a “neutral” rating in a research note on Wednesday, December 6th. Jefferies Group reaffirmed a “hold” rating and issued a GBX 282 ($3.90) price target on shares of Grainger in a research note on Thursday, January 18th. Finally, N+1 Singer reaffirmed a “buy” rating and issued a GBX 356 ($4.92) price target on shares of Grainger in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of GBX 318.50 ($4.40).
Grainger (LON:GRI) opened at GBX 279 ($3.85) on Thursday. The company has a market capitalization of $1,160.00 and a P/E ratio of 1,550.00. Grainger has a twelve month low of GBX 243.05 ($3.36) and a twelve month high of GBX 385.25 ($5.32).
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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.
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