Is Grainger PLC (LON:GRI) Now a Sell? Peel Hunt Downgrades Stock

May 17, 2018 - By Larry Purdy

Grainger plc (LON:GRI) Logo

Grainger PLC (LON:GRI) Receives a Downgrade

In an analyst report issued to clients moments ago, Peel Hunt cut their rating for shares of Grainger PLC (LON:GRI) to a “Add”. Analysts currently have set a GBX 330.00 price target on the stock. Peel Hunt’s price target means a possible upside of 4.60 % from the previous close of the stock.

Grainger plc (LON:GRI) Ratings Coverage

Among 6 analysts covering Grainger PLC (LON:GRI), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Grainger PLC has GBX 356 highest and GBX 282 lowest target. GBX 328’s average target is 2.89% above currents GBX 318.8 stock price. Grainger PLC had 19 analyst reports since November 24, 2017 according to SRatingsIntel. Jefferies maintained it with “Hold” rating and GBX 297 target in Friday, December 1 report. The rating was maintained by Peel Hunt with “Buy” on Wednesday, February 7. The firm has “Buy” rating by Peel Hunt given on Thursday, November 30. JP Morgan maintained it with “Neutral” rating and GBX 320 target in Monday, January 15 report. N+1 Singer maintained Grainger plc (LON:GRI) on Wednesday, February 7 with “Buy” rating. The rating was downgraded by Numis Securities to “Add” on Wednesday, November 29. The stock of Grainger plc (LON:GRI) has “Buy” rating given on Tuesday, May 15 by Peel Hunt. The rating was maintained by Peel Hunt on Wednesday, May 2 with “Buy”. The firm earned “Buy” rating on Tuesday, December 5 by Peel Hunt. JP Morgan maintained the stock with “Neutral” rating in Wednesday, December 6 report.

The stock increased 1.59% or GBX 5 during the last trading session, reaching GBX 318.8. About 721,719 shares traded. Grainger plc (LON:GRI) has 0.00% since May 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Grainger plc, together with its subsidiaries, owns, develops, manages, and rents residential properties in the United Kingdom The firm operates through three divisions: Residential, Development, and Funds. The company has market cap of 1.32 billion GBP. It also provides fund management, asset management, and property management services. It has a 17.81 P/E ratio.

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