Deutsche Bank Aktiengesellschaft Reiterates “Buy” Rating for Grainger (LON:GRI)

Deutsche Bank Aktiengesellschaft restated their buy rating on shares of Grainger (LON:GRI) in a research note released on Friday morning, MarketBeat.com reports. They currently have a GBX 336 ($4.23) price objective on the stock.

Grainger Price Performance

Grainger stock opened at GBX 235 ($2.96) on Friday. Grainger has a 1 year low of GBX 218.50 ($2.75) and a 1 year high of GBX 278.80 ($3.51). The firm has a 50 day moving average price of GBX 235.78 and a 200 day moving average price of GBX 240.94. The company has a market cap of £1.73 billion, a price-to-earnings ratio of 8,183.33, a PEG ratio of 1.51 and a beta of 0.71. The company has a debt-to-equity ratio of 84.35, a quick ratio of 0.87 and a current ratio of 3.81.

Grainger Increases Dividend

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

Grainger Company Profile

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.