Peel Hunt Reiterates “Buy” Rating for Grainger (LON:GRI)

Grainger (LON:GRI)‘s stock had its “buy” rating reiterated by research analysts at Peel Hunt in a research note issued on Tuesday, ThisIsMoney.Co.Uk reports.

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

GRI stock traded down GBX 3.20 ($0.04) during trading on Tuesday, hitting GBX 245.40 ($3.21). The company had a trading volume of 620,938 shares, compared to its average volume of 883,206. The firm’s fifty day moving average is GBX 247.38. The company has a current ratio of 10.35, a quick ratio of 2.42 and a debt-to-equity ratio of 103.56. The stock has a market capitalization of $1.50 billion and a P/E ratio of 12.52. Grainger has a fifty-two week low of GBX 204 ($2.67) and a fifty-two week high of GBX 285.05 ($3.72).

In related news, insider Vanessa Simms acquired 118 shares of the company’s stock in a transaction that occurred on Friday, July 5th. The stock was acquired at an average price of GBX 253 ($3.31) per share, for a total transaction of £298.54 ($390.10).

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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