Grainger PLC (LON:GRI) Receives GBX 294.17 Consensus Price Target from Brokerages
Shares of Grainger PLC (LON:GRI) have been given a consensus recommendation of “Buy” by the six research firms that are covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is GBX 294.17 ($3.83).
Several analysts have commented on the stock. Peel Hunt restated a “buy” rating and issued a GBX 300 ($3.91) price objective on shares of Grainger PLC in a report on Monday, July 24th. J P Morgan Chase & Co restated a “neutral” rating and issued a GBX 260 ($3.39) price objective on shares of Grainger PLC in a report on Wednesday, May 31st. Barclays PLC initiated coverage on shares of Grainger PLC in a report on Thursday, May 25th. They set an “overweight” rating and a GBX 310 ($4.04) target price for the company. Jefferies Group LLC lifted their target price on shares of Grainger PLC from GBX 266 ($3.46) to GBX 275 ($3.58) and gave the company a “hold” rating in a report on Monday, May 22nd. Finally, Numis Securities Ltd reiterated a “buy” rating and set a GBX 300 ($3.91) target price on shares of Grainger PLC in a report on Friday, May 19th.
In other news, insider Helen Gordon purchased 116 shares of Grainger PLC stock in a transaction that occurred on Thursday, August 3rd. The stock was bought at an average price of GBX 261 ($3.40) per share, with a total value of £302.76 ($394.27). Also, insider Rob Wilkinson purchased 4,000 shares of Grainger PLC stock in a transaction that occurred on Monday, June 5th. The shares were purchased at an average cost of GBX 262 ($3.41) per share, with a total value of £10,480 ($13,647.61). Insiders have purchased 4,232 shares of company stock valued at $1,108,436 in the last three months.
Grainger PLC (GRI) opened at 263.20 on Friday. Grainger PLC has a 52 week low of GBX 213.60 and a 52 week high of GBX 271.10. The firm’s market cap is GBX 1.09 billion. The stock’s 50 day moving average price is GBX 262.92 and its 200 day moving average price is GBX 255.34.
About Grainger PLC
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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