Grainger PLC (GRI) Given Buy Rating at N+1 Singer
Grainger PLC (LON:GRI)‘s stock had its “buy” rating reissued by stock analysts at N+1 Singer in a research report issued to clients and investors on Friday. They presently have a GBX 320 ($4.18) target price on the stock. N+1 Singer’s target price suggests a potential upside of 38.95% from the stock’s previous close.
A number of other equities analysts also recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Grainger PLC to a “neutral” rating and reduced their target price for the stock from GBX 285 ($3.72) to GBX 270 ($3.52) in a report on Tuesday, September 6th. Jefferies Group reduced their target price on shares of Grainger PLC from GBX 215 ($2.81) to GBX 199 ($2.60) and set a “hold” rating for the company in a report on Friday, August 19th. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 300 ($3.92) target price on shares of Grainger PLC in a report on Friday, June 10th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Grainger PLC currently has a consensus rating of “Hold” and an average target price of GBX 265.43 ($3.46).
Shares of Grainger PLC (LON:GRI) opened at 229.10 on Friday. 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 is GBX 227.97 and its 200 day moving average is GBX 224.59. The stock’s market capitalization is GBX 948.24 million.
In other news, insider Jopling ,Nick bought 804 shares of the company’s stock in a transaction that occurred on Tuesday, July 5th. The shares were purchased at an average price of GBX 224 ($2.92) per share, for a total transaction of £1,800.96 ($2,350.82).
About Grainger PLC
Receive News & Stock Ratings for Grainger PLC Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Grainger PLC and related stocks with our FREE daily email newsletter.