Grainger (LON:GRI) Receives “Equal Weight” Rating from Barclays

Grainger (LON:GRI – Get Rating)‘s stock had its “equal weight” rating reissued by research analysts at Barclays in a research note issued to investors on Tuesday, Marketbeat.com reports. They presently have a GBX 285 ($3.71) price target on the stock. Barclays‘s price target would indicate a potential downside of 3.32% from the company’s current price.

A number of other brokerages have also recently weighed in on GRI. JPMorgan Chase & Co. restated an “overweight” rating on shares of Grainger in a research note on Wednesday, April 6th. Berenberg Bank restated a “buy” rating and issued a GBX 390 ($5.07) price objective on shares of Grainger in a research note on Tuesday, March 22nd. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, Grainger has a consensus rating of “Buy” and an average target price of GBX 357.50 ($4.65).

GRI stock opened at GBX 294.80 ($3.84) on Tuesday. The firm has a 50 day moving average of GBX 291.21 and a two-hundred day moving average of GBX 301.04. The company has a quick ratio of 3.23, a current ratio of 8.45 and a debt-to-equity ratio of 77.82. Grainger has a 12 month low of GBX 259.80 ($3.38) and a 12 month high of GBX 340 ($4.42). The company has a market capitalization of £2.19 billion and a price-to-earnings ratio of 18.32.

In related news, insider Helen Gordon bought 100 shares of the business’s stock in a transaction that occurred on Thursday, February 3rd. The stock was purchased at an average cost of GBX 303 ($3.94) per share, for a total transaction of £303 ($394.22).

Grainger Company Profile (Get Rating)

Grainger plc, together with its subsidiaries, designs, owns, operates, manages, and rents residential properties in the United Kingdom. It also provides property and asset management services. The company was incorporated in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.

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