Numis Securities Ltd Reaffirms “Buy” Rating for Grainger PLC (GRI)
Grainger PLC (LON:GRI)‘s stock had its “buy” rating reaffirmed by Numis Securities Ltd in a research report issued on Tuesday. They presently have a GBX 300 ($3.71) price target on the stock. Numis Securities Ltd’s target price indicates a potential upside of 36.86% from the stock’s previous close.
Several other research analysts have also commented on GRI. Peel Hunt reissued a “hold” rating and issued a GBX 250 ($3.09) price target on shares of Grainger PLC in a research report on Tuesday. N+1 Singer reissued a “buy” rating and issued a GBX 320 ($3.96) price target on shares of Grainger PLC in a research report on Friday, September 30th. JPMorgan Chase & Co. lowered Grainger PLC to a “neutral” rating and reduced their price target for the stock from GBX 285 ($3.53) to GBX 270 ($3.34) in a research report on Tuesday, September 6th. 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 for the company in a research report on Friday, August 19th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus price target of GBX 265.43 ($3.29).
Grainger PLC (LON:GRI) opened at 224.20 on Tuesday. Grainger PLC has a 12 month low of GBX 193.00 and a 12 month high of GBX 253.00. The stock’s market capitalization is GBX 927.96 million. The firm has a 50-day moving average price of GBX 229.43 and a 200 day moving average price of GBX 225.04.
In other news, insider Nick Jopling purchased 192 shares of the company’s stock in a transaction on Monday, October 3rd. The shares were acquired at an average price 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 company’s stock in a transaction on Wednesday, August 3rd. The shares were purchased at an average price of GBX 219 ($2.71) per share, for a total transaction of £446.76 ($552.92).
About Grainger PLC
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