Grainger plc Price Target Raised to GBX 239 at Jefferies Group (GRI)
Jefferies Group raised their price objective on shares of Grainger plc (LON:GRI) from GBX 236 ($3.89) to GBX 239 ($3.94) in a research note issued on Wednesday, AnalystRatings.Net reports. The firm currently has a “buy” rating on the stock. Jefferies Group’s target price would suggest a potential upside of 9.89% from the company’s current price.
Other equities research analysts have also recently issued reports about the stock. Analysts at Kempen & Co reiterated an “underweight” rating on shares of Grainger plc in a research note to investors on Wednesday, January 8th. They now have a GBX 195 ($3.21) price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “overweight” rating on shares of Grainger plc in a research note to investors on Tuesday, January 7th. Finally, analysts at Numis Securities Ltd reiterated an “add” rating on shares of Grainger plc in a research note to investors on Thursday, November 7th. They now have a GBX 219 ($3.61) price target on the stock. One analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of GBX 222 ($3.66).
Shares of Grainger plc (LON:GRI) traded up 0.32% on Wednesday, hitting GBX 217.50. The stock had a trading volume of 262,857 shares. Grainger plc has a one year low of GBX 121.451 and a one year high of GBX 218.40. The stock has a 50-day moving average of GBX 204.2 and a 200-day moving average of GBX 186.0. The company’s market cap is £891.6 million.
Grainger plc is a holding company. The Company, through its subsidiaries, is engaged in property trading and development.
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