Grainger PLC (LON:GRI) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 266.40 ($3.48) and last traded at GBX 264.60 ($3.46), with a volume of 43586 shares. The stock had previously closed at GBX 265.20 ($3.47).
A number of analysts have recently issued reports on GRI shares. Peel Hunt restated a “buy” rating on shares of Grainger in a report on Tuesday. Peel Hunt restated a “buy” rating and set a GBX 290 ($3.79) price target on shares of Grainger in a report on Friday, September 27th. Finally, Numis Securities restated an “add” rating on shares of Grainger in a report on Monday, September 30th. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of GBX 284 ($3.71).
The stock’s fifty day moving average price is GBX 249.64 and its 200-day moving average price is GBX 245.73. The firm has a market cap of $1.62 billion and a price-to-earnings ratio of 13.50. The company has a current ratio of 10.35, a quick ratio of 2.42 and a debt-to-equity ratio of 103.56.
Grainger Company Profile (LON:GRI)
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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