Grainger (GRI) Downgraded by Numis Securities

Grainger (LON:GRI) was downgraded by equities research analysts at Numis Securities to an “add” rating in a research note issued to investors on Thursday, Digital Look reports. They presently have a GBX 295 ($3.85) target price on the stock, up from their previous target price of GBX 282 ($3.68). Numis Securities’ price target points to a potential upside of 12.68% from the stock’s previous close.

Several other brokerages have also recently issued reports on GRI. Peel Hunt raised shares of Grainger to a “buy” rating in a research note on Tuesday. Barclays dropped their price target on Grainger from GBX 320 ($4.18) to GBX 260 ($3.40) and set an “equal weight” rating on the stock in a research report on Friday, February 15th.

Shares of Grainger stock traded up GBX 3.60 ($0.05) during trading on Thursday, reaching GBX 261.80 ($3.42). The company’s stock had a trading volume of 1,821,228 shares, compared to its average volume of 883,206. The stock has a market capitalization of $1.59 billion and a price-to-earnings ratio of 12.53. Grainger has a fifty-two week low of GBX 204 ($2.67) and a fifty-two week high of GBX 292.66 ($3.82). The company has a debt-to-equity ratio of 118.27, a current ratio of 12.77 and a quick ratio of 3.15.

In related news, insider Helen Gordon bought 118 shares of the business’s stock in a transaction on Tuesday, March 5th. The shares were purchased at an average price of GBX 251 ($3.28) per share, with a total value of £296.18 ($387.01).

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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