Peel Hunt Upgrades Grainger (GRI) to “Buy”

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Peel Hunt upgraded shares of Grainger (LON:GRI) to a buy rating in a report issued on Monday, ThisIsMoney.Co.Uk reports.

Other equities research analysts also recently issued research reports about the company. Barclays cut their price target on Grainger from GBX 320 ($4.18) to GBX 260 ($3.40) and set an equal weight rating on the stock in a report on Friday, February 15th. JPMorgan Chase & Co. restated an overweight rating and set a GBX 285 ($3.72) price target (down previously from GBX 350 ($4.57)) on shares of Grainger in a report on Tuesday, January 8th.

Shares of LON GRI opened at GBX 252.20 ($3.30) on Monday. The company has a current ratio of 12.77, a quick ratio of 3.15 and a debt-to-equity ratio of 118.27. Grainger has a 1-year low of GBX 204 ($2.67) and a 1-year high of GBX 292.66 ($3.82). The stock has a market cap of $1.54 billion and a price-to-earnings ratio of 12.07.

In other Grainger news, insider Helen Gordon acquired 118 shares of the company’s stock in a transaction dated Tuesday, March 5th. The shares were acquired at an average price of GBX 251 ($3.28) per share, for a total transaction of £296.18 ($387.01).

Grainger Company Profile

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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