Grainger PLC (LON:GRI)‘s stock had its “buy” rating reaffirmed by investment analysts at N+1 Singer in a report released on Tuesday. They currently have a GBX 320 ($3.96) price objective on the stock. N+1 Singer’s price objective would suggest a potential upside of 44.99% from the company’s current price.
A number of other research analysts have also weighed in on the company. JPMorgan Chase & Co. lowered Grainger PLC to a “neutral” rating and dropped their target price for the company from GBX 285 ($3.53) to GBX 270 ($3.34) in a report on Tuesday, September 6th. Jefferies Group dropped 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. Numis Securities Ltd reiterated a “buy” rating and set a GBX 300 ($3.71) price target on shares of Grainger PLC in a report on Tuesday. Finally, Peel Hunt reiterated a “hold” rating and set a GBX 250 ($3.09) price target on shares of Grainger PLC in a report on Tuesday. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of GBX 265.43 ($3.29).
Grainger PLC (LON:GRI) opened at 223.40 on Tuesday. Grainger PLC has a 12-month low of GBX 193.00 and a 12-month high of GBX 253.00. The company’s 50 day moving average price is GBX 229.08 and its 200-day moving average price is GBX 224.99. The firm’s market capitalization is GBX 924.65 million.
In other news, insider Nick Jopling bought 192 shares of the firm’s stock in a transaction on Monday, October 3rd. The stock was acquired at an average cost of GBX 233 ($2.88) per share, with a total value of £447.36 ($553.66). Also, insider Jopling ,Nick bought 204 shares of the firm’s stock in a transaction on Wednesday, August 3rd. The stock was purchased at an average cost of GBX 219 ($2.71) per share, with a total value of £446.76 ($552.92).
About Grainger PLC
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