Grainger PLC (GRI) Receives Hold Rating from Peel Hunt
Grainger PLC (LON:GRI)‘s stock had its “hold” rating reissued by equities researchers at Peel Hunt in a research report issued on Tuesday. They currently have a GBX 250 ($3.09) price objective on the stock. Peel Hunt’s price target points to a potential upside of 14.05% from the company’s current price.
A number of other brokerages have also recently commented on GRI. JPMorgan Chase & Co. raised Grainger PLC to an “overweight” rating and raised their target price for the stock from GBX 260 ($3.22) to GBX 285 ($3.53) in a report on Wednesday, June 22nd. N+1 Singer reaffirmed a “buy” rating and issued a GBX 320 ($3.96) target price on shares of Grainger PLC in a report on Friday, September 30th. Finally, Jefferies Group decreased their target price on Grainger PLC from GBX 215 ($2.66) to GBX 199 ($2.46) and set a “hold” rating on the stock in a report on Friday, August 19th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Grainger PLC has an average rating of “Hold” and an average price target of GBX 265.43 ($3.29).
Grainger PLC (LON:GRI) opened at 222.60 on Tuesday. The company’s 50-day moving average price is GBX 229.43 and its 200 day moving average price is GBX 225.04. The stock’s market capitalization is GBX 921.34 million. Grainger PLC has a 52-week low of GBX 193.00 and a 52-week high of GBX 253.00.
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In other news, insider Jopling ,Nick acquired 192 shares of the business’s stock in a transaction dated Tuesday, September 6th. The stock was purchased at an average price of GBX 237 ($2.93) per share, for a total transaction of £455.04 ($563.17).
Grainger PLC Company Profile
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