Grainger (GRI) Sets New 52-Week Low at $221.20
Grainger PLC (LON:GRI) hit a new 52-week low on Thursday . The company traded as low as GBX 221.20 ($2.89) and last traded at GBX 222.20 ($2.90), with a volume of 1034923 shares trading hands. The stock had previously closed at GBX 227.20 ($2.97).
A number of brokerages have weighed in on GRI. Peel Hunt restated an “add” rating and set a GBX 290 ($3.79) price objective on shares of Grainger in a research note on Wednesday. Numis Securities upgraded Grainger to a “buy” rating and raised their price objective for the company from GBX 350 ($4.57) to GBX 369 ($4.82) in a research note on Thursday, September 13th. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of GBX 327.83 ($4.28).
The firm also recently disclosed a dividend, which will be paid on Monday, February 11th. Shareholders of record on Thursday, December 13th will be paid a dividend of GBX 3.52 ($0.05) per share. This represents a yield of 1.27%. The ex-dividend date of this dividend is Thursday, December 13th. This is a positive change from Grainger’s previous dividend of $1.74.
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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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