Grainger (LON:GRI) Earns “Buy” Rating from Peel Hunt

Peel Hunt reaffirmed their buy rating on shares of Grainger (LON:GRI) in a research note issued to investors on Friday morning, ThisIsMoney.Co.Uk reports.

Separately, Numis Securities reissued a buy rating on shares of 3i Group in a research report on Thursday, May 16th.

LON:GRI opened at GBX 234.20 ($3.06) on Friday. The stock has a 50-day moving average of GBX 246.06. Grainger has a 12 month low of GBX 204 ($2.67) and a 12 month high of GBX 285.05 ($3.72). The company has a debt-to-equity ratio of 103.56, a quick ratio of 2.42 and a current ratio of 10.35. The stock has a market cap of $1.43 billion and a PE ratio of 11.95.

The firm also recently declared a dividend, which was paid on Friday, July 5th. Investors of record on Thursday, May 30th were given a dividend of GBX 1.73 ($0.02) per share. The ex-dividend date was Thursday, May 30th. This represents a yield of 0.66%. Grainger’s dividend payout ratio (DPR) is currently 0.26%.

In other Grainger news, insider Vanessa Simms purchased 118 shares of the stock in a transaction that occurred on Friday, July 5th. The stock was bought at an average cost of GBX 253 ($3.31) per share, with a total value of £298.54 ($390.10).

About Grainger

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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