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

Peel Hunt reiterated their buy rating on shares of Grainger (LON:GRI) in a research report report published on Friday, ThisIsMoney.Co.Uk reports.

Separately, Numis Securities lowered Grainger to an add rating and upped their target price for the company from GBX 282 ($3.68) to GBX 295 ($3.85) in a research report on Thursday, May 16th.

LON:GRI traded up GBX 1.20 ($0.02) during mid-day trading on Friday, hitting GBX 220.80 ($2.89). 766,120 shares of the company’s stock traded hands, compared to its average volume of 883,206. The stock has a fifty day moving average of GBX 239.17. Grainger has a twelve month low of GBX 204 ($2.67) and a twelve month high of GBX 285.05 ($3.72). The company has a market cap of $1.35 billion and a P/E ratio of 11.27. The company has a quick ratio of 2.42, a current ratio of 10.35 and a debt-to-equity ratio of 103.56.

In other news, insider Vanessa Simms acquired 138 shares of the business’s stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of GBX 218 ($2.85) per share, with a total value of £300.84 ($393.10).

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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