Grainger plc (GRI.L) (LON:GRI) Receives Average Recommendation of “Hold” from Analysts

Shares of Grainger plc (GRI.L) (LON:GRI) have received an average recommendation of “Hold” from the seven brokerages that are presently covering the stock, MarketBeat Ratings reports. Four research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month target price among brokers that have covered the stock in the last year is GBX 309 ($4.04).

Several research analysts recently weighed in on GRI shares. Peel Hunt reissued an “add” rating and set a GBX 290 ($3.79) price target on shares of Grainger plc (GRI.L) in a research report on Tuesday, September 29th. Peel Hunt reissued an “add” rating and set a GBX 290 ($3.79) price target on shares of Grainger plc (GRI.L) in a research report on Tuesday, September 29th. JPMorgan Chase & Co. upped their price target on Grainger plc (GRI.L) from GBX 320 ($4.18) to GBX 350 ($4.57) and gave the company an “overweight” rating in a research report on Friday, November 20th. Finally, Barclays upped their price target on Grainger plc (GRI.L) from GBX 270 ($3.53) to GBX 285 ($3.72) and gave the company an “equal weight” rating in a research report on Monday, November 23rd.

Shares of LON GRI opened at GBX 283.60 ($3.71) on Friday. The stock has a market capitalization of £1.91 billion and a PE ratio of 19.97. The stock has a fifty day simple moving average of GBX 286.52 and a 200-day simple moving average of GBX 294.36. The company has a current ratio of 11.30, a quick ratio of 4.29 and a debt-to-equity ratio of 96.70. Grainger plc has a twelve month low of GBX 189.76 ($2.48) and a twelve month high of GBX 341.80 ($4.47).

The company also recently announced a dividend, which will be paid on Monday, February 15th. Shareholders of record on Thursday, December 24th will be given a GBX 3.64 ($0.05) dividend. This is a positive change from Grainger plc (GRI.L)’s previous dividend of $1.83. This represents a yield of 1.18%. The ex-dividend date is Thursday, December 24th. Grainger plc (GRI.L)’s dividend payout ratio is presently 35.21%.

In other news, insider Vanessa Simms bought 108 shares of the company’s stock in a transaction on Tuesday, November 3rd. The shares were bought at an average cost of GBX 277 ($3.62) per share, with a total value of £299.16 ($390.85).

About Grainger plc (GRI.L)

Grainger plc, together with its subsidiaries, owns, develops, manages, and rents residential properties in the United Kingdom. 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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Analyst Recommendations for Grainger plc (GRI.L) (LON:GRI)

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