Should Investors Avoid Grainger PLC (LON:GRI) Shares? Barclays Capital Has Just Downgraded Them

May 18, 2018 - By Jimmy Baldridge

Grainger plc (LON:GRI) Logo

Grainger PLC (LON:GRI) Receives a Downgrade

In analysts note shared with investors on 18 May, Barclays Capital has just cut their rating for Grainger PLC (LON:GRI) shares to a Equal weight.

Grainger plc (LON:GRI) Ratings Coverage

Among 6 analysts covering Grainger PLC (LON:GRI), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Grainger PLC has GBX 356 highest and GBX 282 lowest target. GBX 328’s average target is 4.99% above currents GBX 312.4 stock price. Grainger PLC had 20 analyst reports since November 24, 2017 according to SRatingsIntel. Peel Hunt maintained the stock with “Buy” rating in Thursday, April 5 report. Peel Hunt maintained the stock with “Buy” rating in Wednesday, May 2 report. The firm has “Add” rating by Peel Hunt given on Thursday, May 17. The stock of Grainger plc (LON:GRI) earned “Neutral” rating by JP Morgan on Monday, January 15. The company was downgraded on Wednesday, November 29 by Numis Securities. The rating was maintained by Peel Hunt with “Buy” on Tuesday, December 5. The firm earned “Buy” rating on Thursday, November 30 by Peel Hunt. The stock has “Buy” rating by Peel Hunt on Wednesday, May 9. Numis Securities maintained Grainger plc (LON:GRI) on Thursday, May 17 with “Add” rating. The company was maintained on Tuesday, May 15 by Peel Hunt.

The stock decreased 2.98% or GBX 9.6 during the last trading session, reaching GBX 312.4. About 323,713 shares traded. Grainger plc (LON:GRI) has 0.00% since May 18, 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 1.30 billion GBP. It also provides fund management, asset management, and property management services. It has a 17.45 P/E ratio.

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