J.P. Morgan Reconfirmed Grainger (LON:GRI) As a Neutral; They Now Have a Target Price per Share Of GBX 260

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Grainger (LON:GRI) Rating Reaffirmed

In an analyst note published on Wednesday, 16 December, The Neutral rating of Grainger (LON:GRI) shares was reiterated by Analysts at J.P. Morgan, who now has a GBX 260 Estimated Target Price on the stock. J.P. Morgan’s Estimated Target Price may imply a possible upside of 11.92% 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 14.54% above today’s (GBX 233) stock price. Grainger was the topic of 28 analyst reports since July 21, 2015 according to the firm StockzIntelligence Inc. Jefferies maintained shares on December 14 with “Hold” 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 40,182 shares of stock traded hands. Grainger PLC (LON:GRI) has risen 4.06% since May 19, 2015 and is uptrending. It has outperformed by 6.69% the S&P500.

J.P. Morgan Reconfirmed Grainger (LON:GRI) As a Neutral; They Now Have a Target Price per Share Of GBX 260

Grainger plc is a United Kingdom-based, specialist residential company. The company has a market cap of 957.34 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 22.64 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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