Grainger PLC (LON:GRI) has been given an average recommendation of “Buy” by the six brokerages that are covering the firm, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is GBX 335.40 ($4.38).
Several equities research analysts have recently weighed in on GRI shares. Peel Hunt reissued an “add” rating on shares of Grainger in a research note on Friday, September 28th. Numis Securities raised shares of Grainger to a “buy” rating and increased their target price for the company from GBX 350 ($4.57) to GBX 369 ($4.82) in a research note on Thursday, September 13th.
Shares of GRI traded down GBX 4.40 ($0.06) during midday trading on Monday, hitting GBX 278.20 ($3.64). The stock had a trading volume of 875,416 shares, compared to its average volume of 883,206. Grainger has a 1 year low of GBX 243.05 ($3.18) and a 1 year high of GBX 385.25 ($5.03).
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 fund management, asset management, and property management services. The company was founded in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.
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