Grainger plc’s Buy Rating Reaffirmed at Jefferies Group (GRI)
Grainger plc (LON:GRI)‘s stock had its “buy” rating reiterated by Jefferies Group in a research note issued on Monday, American Banking and Market News reports. They currently have a GBX 211 ($3.37) price objective on the stock. Jefferies Group’s price target indicates a potential upside of 17.55% from the stock’s previous close.
Grainger plc (LON:GRI) traded up 0.56% on Monday, hitting GBX 179.50. The stock had a trading volume of 138,601 shares. Grainger plc has a 52 week low of GBX 105.10 and a 52 week high of GBX 187.50. The stock has a 50-day moving average of GBX 177.2 and a 200-day moving average of GBX 155.2. The company’s market cap is £737.0 million.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Grainger plc in a research note to investors on Friday, September 13th. They now have a GBX 195 ($3.11) price target on the stock. Separately, analysts at Numis Securities Ltd raised their price target on shares of Grainger plc from GBX 161 ($2.57) to GBX 206 ($3.29) in a research note to investors on Tuesday, September 10th. They now have an “add” rating on the stock.
Grainger plc is a holding company. The Company, through its subsidiaries, is engaged in property trading and development.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.