W.W. Grainger Price Target Raised to $320.00 at Wunderlich (GWW)
Stock analysts at Wunderlich increased their price objective on shares of W.W. Grainger (NYSE:GWW) from $302.00 to $320.00 in a report issued on Wednesday, Analyst Ratings Network reports. The firm currently has a “buy” rating on the stock. Wunderlich’s price objective indicates a potential upside of 21.18% from the company’s current price.
GWW has been the subject of a number of other recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of W.W. Grainger in a research note to investors on Friday, November 22nd. They now have a $268.00 price target on the stock. Separately, analysts at Credit Suisse raised their price target on shares of W.W. Grainger from $280.00 to $310.00 in a research note to investors on Friday, November 15th. They now have an “outperform” rating on the stock. Finally, analysts at Raymond James downgraded shares of W.W. Grainger from an “outperform” rating to a “market perform” rating in a research note to investors on Friday, November 15th. They now have a $268.00 price target on the stock. Ten analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $259.50.
In other W.W. Grainger news, VP Court Carruthers sold 3,795 shares of the company’s stock in a transaction dated Tuesday, January 14th. The stock was sold at an average price of $258.86, for a total value of $982,373.70. Following the transaction, the vice president now directly owns 24,157 shares of the company’s stock, valued at approximately $6,253,281. The sale was disclosed in a filing with the SEC, which is available at this link.
W.W. Grainger (NYSE:GWW) opened at 264.06 on Wednesday. W.W. Grainger has a 1-year low of $204.19 and a 1-year high of $276.38. The stock has a 50-day moving average of $255.7 and a 200-day moving average of $260.1. The company has a market cap of $18.329 billion and a price-to-earnings ratio of 23.82.
W.W. Grainger, Inc(NYSE:GWW) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services used by businesses and institutions primarily in the United States and Canada .
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