Ratings Don’t Lie: N+1 Singer Keeps a Buy Rating on Grainger PLC (LON:GRI) and GBX 320.00 Target

November 28, 2016 - By Hazel Jackson

Grainger PLC (LON:GRI) Rating

Equity analysts at N+1 Singer have GBX 320.00 TP on Grainger PLC (LON:GRI). N+1 Singer’s TP suggests a potential upside of 42.92% from the company’s last stock close price. The rating was revealed to investors in an analyst note on Monday, 28 November.

Grainger PLC (LON:GRI) Ratings Coverage

Out of 8 analysts covering Grainger (LON:GRI), 3 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 38% are positive. GBX 320 is the highest target while GBX 199 is the lowest. The GBX 264.75 average target is 18.51% above today’s (GBX 223.4) stock price. Grainger has been the topic of 57 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Buy” rating on Thursday, November 19 by N+1 Singer. Kempen & Co upgraded the stock to “Neutral” rating in Monday, August 17 report. Numis Securities maintained the shares of GRI in a report on Tuesday, October 11 with “Buy” rating. The stock of Grainger PLC (LON:GRI) has “Hold” rating given on Thursday, April 21 by Jefferies. Stifel Nicolaus maintained the shares of GRI in a report on Thursday, August 13 with “Buy” rating. The rating was downgraded by JP Morgan on Tuesday, September 1 to “Neutral”. The stock of Grainger PLC (LON:GRI) earned “Buy” rating by N+1 Singer on Wednesday, February 24. The firm has “Hold” rating given on Monday, November 30 by Jefferies. Jefferies maintained Grainger PLC (LON:GRI) on Monday, September 7 with “Hold” rating. The firm earned “Neutral” rating on Friday, May 20 by JP Morgan.

About 491,628 shares traded hands. Grainger PLC (LON:GRI) has declined 0.81% since April 28, 2016 and is downtrending. It has underperformed by 6.82% the S&P500.

Grainger plc is a United Kingdom-based residential landlord company. The company has a market cap of 931.29 million GBP. The Firm invests in and provides long term, purpose-built, rental homes nationwide. It has a 13.93 P/E ratio. The Firm has a portfolio of residential rental property assets worth over c. �2.6 billion.

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