Grainger PLC (GRI) Receives Buy Rating from N+1 Singer
Grainger PLC (LON:GRI)‘s stock had its “buy” rating reaffirmed by equities researchers at N+1 Singer in a report issued on Tuesday. They currently have a GBX 320 ($3.96) target price on the stock. N+1 Singer’s target price would indicate a potential upside of 45.99% from the stock’s current price.
Several other equities research analysts have also commented on the company. JPMorgan Chase & Co. lowered Grainger PLC to a “neutral” rating and lowered their price objective for the stock from GBX 285 ($3.53) to GBX 270 ($3.34) in a research report on Tuesday, September 6th. Jefferies Group lowered their price objective on Grainger PLC from GBX 215 ($2.66) to GBX 199 ($2.46) and set a “hold” rating on the stock in a research report on Friday, August 19th. Peel Hunt restated a “hold” rating and issued a GBX 250 ($3.09) price objective on shares of Grainger PLC in a research report on Tuesday. Finally, Numis Securities Ltd restated a “buy” rating and issued a GBX 300 ($3.71) price objective on shares of Grainger PLC in a research report on Tuesday. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of GBX 265.43 ($3.29).
Shares of Grainger PLC (LON:GRI) opened at 225.60 on Tuesday. The company has a 50-day moving average of GBX 229.43 and a 200 day moving average of GBX 225.04. Grainger PLC has a 12 month low of GBX 193.00 and a 12 month high of GBX 253.00. The company’s market cap is GBX 933.76 million.
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In other news, insider Jopling ,Nick acquired 204 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The shares were bought at an average price of GBX 219 ($2.71) per share, for a total transaction of £446.76 ($552.92). Also, insider Nick Jopling acquired 192 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was purchased at an average price of GBX 233 ($2.88) per share, for a total transaction of £447.36 ($553.66).
About Grainger PLC
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