Today Jefferies Reiterates a “Hold” Rating on Grainger (LON:GRI) and a GBX 285 Target Price

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Grainger (LON:GRI) Rating Reaffirmed

In analysts report made public on Monday, 14 December, The “Hold” rating of Grainger (LON:GRI) shares was has reaffirmed by Jefferies, who now has a GBX 285 target price on the stock. Jefferies’s target price provides a possible upside of 21.79% from the last stock price of the company.

From a total of 8 analysts covering Grainger (LON:GRI) stock, 4 rate it a ”Buy”, 0 a “Sell”, and 4 a ”Hold”. This means that 50% of the ratings are positive. The highest target price is GBX 295 while the lowest target price is GBX 248. The mean of all analyst targets is GBX 266.75 with a 14.30% above today’s (GBX 233.5) stock price. Grainger was the topic of 27 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. N+1 Singer maintained shares on December 7 with “Buy” rating. Peel Hunt maintained shares with “Hold” rating and GBX 250 target share price in a report from a November 19. JP Morgan maintained GRI stock in a recent report from November 20 with “Neutral” rating. Stifel Nicolaus maintained the rating on October 13. Stifel Nicolaus has a “Buy” rating and a GBX 248 price target on shares. Finally, Numis Securities downgraded the stock to “Add” rating in a report issued on a November 19.

Approximately 23,480 shares of stock traded hands. Grainger PLC (LON:GRI) has risen 7.87% since May 15, 2015 and is uptrending. It has outperformed by 12.28% the S&P500.

Today Jefferies Reiterates a

Grainger plc is a United Kingdom-based, specialist residential company. The company has a market cap of 972.05 million GBP. The Company’s business is divided into five sections: UK Residential, Retirement Solutions, Fund and Third Party Management, Development, and German Residential. It has 22.69 P/E ratio. The UK residential segment consists of a portfolio of regulated tenancies within the United Kingdom, comprising 4,000 properties.

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