Grainger (GRI) Rating Reiterated by JPMorgan Chase & Co.
JPMorgan Chase & Co. reissued their neutral rating on shares of Grainger (LON:GRI) in a report published on Monday morning. JPMorgan Chase & Co. currently has a GBX 320 ($4.34) target price on the stock.
GRI has been the subject of several other reports. Numis Securities downgraded Grainger to an add rating and raised their price target for the company from GBX 300 ($4.07) to GBX 323 ($4.38) in a report on Wednesday, November 29th. Peel Hunt restated a buy rating and set a GBX 300 ($4.07) price target on shares of Grainger in a report on Friday, November 24th. Jefferies Group restated a hold rating and set a GBX 297 ($4.03) price target on shares of Grainger in a report on Friday, December 1st. Finally, N+1 Singer restated a buy rating and set a GBX 320 ($4.34) price target on shares of Grainger in a report on Wednesday, September 27th. Three research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of GBX 311.67 ($4.23).
Grainger (LON GRI) opened at GBX 284.60 ($3.86) on Monday. Grainger has a twelve month low of GBX 234.20 ($3.18) and a twelve month high of GBX 385.25 ($5.22). The firm has a market capitalization of $1,190.00 and a price-to-earnings ratio of 1,581.11.
In other news, insider Justin Read purchased 6,500 shares of the business’s stock in a transaction on Monday, December 4th. The stock was 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 8,972 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were purchased at an average price of GBX 283 ($3.84) per share, with a total value of £25,390.76 ($34,432.82). Insiders purchased a total of 15,576 shares of company stock valued at $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.
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