Grainger PLC (GRI) Given Average Recommendation of “Hold” by Brokerages
Shares of Grainger PLC (LON:GRI) have received a consensus rating of “Hold” from the seven research firms that are covering the company. Four investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is GBX 265.43 ($3.29).
Several brokerages have commented on GRI. Peel Hunt reissued a “hold” rating and set a GBX 250 ($3.09) target price on shares of Grainger PLC in a research note on Tuesday. Numis Securities Ltd restated a “buy” rating and set a GBX 300 ($3.71) price target on shares of Grainger PLC in a report on Tuesday. JPMorgan Chase & Co. upgraded Grainger PLC to an “overweight” rating and boosted their price target for the stock from GBX 260 ($3.22) to GBX 285 ($3.53) in a report on Wednesday, June 22nd. N+1 Singer restated a “buy” rating and set a GBX 320 ($3.96) price target on shares of Grainger PLC in a report on Tuesday. Finally, Jefferies Group reduced their price target 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.
Shares of Grainger PLC (LON:GRI) traded up 0.14% during mid-day trading on Thursday, hitting GBX 221.00. 1,219,663 shares of the company were exchanged. The firm has a 50 day moving average of GBX 228.88 and a 200 day moving average of GBX 225.01. The company’s market capitalization is GBX 914.72 million. Grainger PLC has a 12-month low of GBX 193.00 and a 12-month high of GBX 253.00.
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In other Grainger PLC news, insider Nick Jopling purchased 192 shares of the business’s stock in a transaction on Monday, October 3rd. The shares were purchased at an average cost of GBX 233 ($2.88) per share, for a total transaction of £447.36 ($553.66). Also, insider Jopling ,Nick purchased 204 shares of the business’s stock in a transaction on Wednesday, August 3rd. The shares were acquired at an average price of GBX 219 ($2.71) per share, for a total transaction of £446.76 ($552.92).
Grainger PLC Company Profile
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