Grainger plc Receives “Buy” Rating from Jefferies Group (GRI)
Grainger plc (LON:GRI)‘s stock had its “buy” rating reaffirmed by research analysts at Jefferies Group in a report released on Friday, AnalystRatings.NET reports. They currently have a GBX 239 ($3.92) target price on the stock. Jefferies Group’s price objective would indicate a potential upside of 12.63% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at JPMorgan Chase & Co. raised their price target on shares of Grainger plc from GBX 225 ($3.69) to GBX 235 ($3.86) in a research note to investors on Wednesday, January 15th. They now have an “overweight” rating on the stock. Separately, 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 ($3.20) price target on the stock. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Grainger plc currently has an average rating of “Hold” and an average target price of GBX 222 ($3.64).
Shares of Grainger plc (LON:GRI) traded down 3.59% on Friday, hitting GBX 212.20. 463,694 shares of the company’s stock traded hands. Grainger plc has a 1-year low of GBX 123.60 and a 1-year high of GBX 229.20. The stock’s 50-day moving average is GBX 207.4 and its 200-day moving average is GBX 188.7. The company’s market cap is £869.9 million.
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.