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Home / Momentum / Grainger (GRI.L) 24-02-20

This report is not a personal recommendation and does not take into account your personal circumstances or appetite for risk.

Grainger (GRI.L) 24-02-20

Grainger (GRI.L) has been in a strong uptrend. Will it continue to set new recent highs?

 

  • Priced at 330.8p (at time of writing), momentum has been strong.
  • Will it come to an end, or is the trend your friend?
  • Could this be an opportunity for momentum traders?
  • Technical traders should be mindful of new developments, which can have an affect on trends.
  • Shares -2% from 12-month highs; +52% from 12 month lows.

Latest News

18 Feb:  Grainger, the rental homes group,  announced it would fund and acquire a 348-home build-to-rent site in Nottingham, for a price of £55.6m.

17 Feb:  Mark Clare, Chairman, 14,666 shares within the firm on the 13th February 2020 at a price of 305p. This Director currently has 114,666 shares.

17 Feb:  JP Morgan Cazenove reiterates its overweight rating on Grainger (GRI) and increased the target price to 370p (from 330p).

06 Feb:  Berenberg today initiates coverage of Grainger (GRI) with a buy rating and target price of 400p.

05 Feb:  Grainger posted an increase in rental income due to better market sentiment. This follows the UK general election.

16 Jan:  JP Morgan Cazenove reiterates its overweight rating on Grainger (GRI) and increased the target price to 330p (from 310p).

Source: Bloomberg, Reuters, Alpha Terminal, FT, DJ Newswires

 

Click to enlarge

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