Grainger (LON:GRI) Given Buy Rating at Berenberg Bank

Berenberg Bank reissued their buy rating on shares of Grainger (LON:GRI) in a research note issued to investors on Friday, Marketbeat reports. They currently have a GBX 299 ($3.78) price objective on the stock.

Separately, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a GBX 336 ($4.25) target price on shares of Grainger in a research report on Friday, November 22nd.

Grainger Stock Performance

The company has a current ratio of 3.81, a quick ratio of 0.87 and a debt-to-equity ratio of 84.35. The firm has a 50-day moving average of GBX 235.28 and a 200-day moving average of GBX 239.47. The firm has a market capitalization of £1.72 billion, a P/E ratio of 8,183.33, a P/E/G ratio of 1.51 and a beta of 0.71. Grainger has a 12-month low of GBX 218.50 ($2.77) and a 12-month high of GBX 278.80 ($3.53).

Grainger Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, February 21st. Shareholders of record on Thursday, January 16th will be given a dividend of GBX 5.01 ($0.06) per share. This represents a yield of 2.26%. The ex-dividend date is Thursday, January 16th. This is an increase from Grainger’s previous dividend of $2.54.

About Grainger

Grainger plc, together with its subsidiaries, owns, operates, and manages private rental homes in the United Kingdom. The company was formerly known as Grainger Trust Plc and changed the name to Grainger Plc in March 2007. Grainger plc was incorporated in 1912 and is headquartered in Newcastle upon Tyne, the United Kingdom.