Grainger (LON:GRI) Sets New 52-Week Low at $252.20

Grainger plc (LON:GRIGet Rating)’s stock price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 252.20 ($3.05) and last traded at GBX 260.60 ($3.15), with a volume of 50769 shares trading hands. The stock had previously closed at GBX 258.40 ($3.12).

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on GRI shares. Barclays decreased their price objective on shares of Grainger from GBX 290 ($3.50) to GBX 272 ($3.29) and set an “equal weight” rating on the stock in a research note on Monday, July 4th. Jefferies Financial Group reissued a “buy” rating and issued a GBX 335 ($4.05) price objective on shares of Grainger in a research note on Monday, September 12th. Citigroup reiterated a “buy” rating and set a GBX 369 ($4.46) price target on shares of Grainger in a report on Friday, July 8th. Finally, Berenberg Bank cut their price objective on Grainger from GBX 390 ($4.71) to GBX 345 ($4.17) and set a “buy” rating on the stock in a report on Wednesday, August 31st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of GBX 347.29 ($4.20).

Grainger Stock Up 0.5 %

The company has a quick ratio of 1.58, a current ratio of 5.19 and a debt-to-equity ratio of 75.28. The stock has a market capitalization of £1.92 billion and a price-to-earnings ratio of 1,235.01. The stock has a 50 day moving average price of GBX 280.95 and a 200 day moving average price of GBX 289.53.

Insider Transactions at Grainger

In related news, insider Helen Gordon acquired 114 shares of the stock in a transaction dated Monday, September 5th. The stock was bought at an average cost of GBX 261 ($3.15) per share, for a total transaction of £297.54 ($359.52).

Grainger Company Profile

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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.

Further Reading

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