Grainger PLC (GRI) Hits New 52-Week High at $278.60
Grainger PLC (LON:GRI) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 278.60 ($3.68) and last traded at GBX 278.40 ($3.67), with a volume of 553,445 shares traded. The stock had previously closed at GBX 276.30 ($3.65).
A number of research analysts recently weighed in on the stock. N+1 Singer reaffirmed a “buy” rating and issued a GBX 320 ($4.22) price target on shares of Grainger PLC in a research note on Wednesday, September 27th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 300 ($3.96) price target on shares of Grainger PLC in a research note on Wednesday, September 27th. Finally, Peel Hunt reaffirmed a “buy” rating and issued a GBX 300 ($3.96) price target on shares of Grainger PLC in a research note on Tuesday, August 29th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of GBX 294.17 ($3.88).
In other Grainger PLC news, insider Nick Jopling purchased 116 shares of Grainger PLC stock in a transaction on Friday, September 8th. The shares were bought at an average price of GBX 260 ($3.43) per share, with a total value of £301.60 ($397.99). Also, insider Vanessa Simms purchased 112 shares of Grainger PLC stock in a transaction on Tuesday, October 3rd. The stock was acquired at an average cost of GBX 267 ($3.52) per share, for a total transaction of £299.04 ($394.62).
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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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