Grainger PLC (GRI) Given “Hold” Rating at Peel Hunt
GRI has been the subject of a number of other reports. JPMorgan Chase & Co. upgraded Grainger PLC to an overweight rating and raised their price target for the stock from GBX 260 ($3.22) to GBX 285 ($3.53) in a research report on Wednesday, June 22nd. N+1 Singer reiterated a buy rating and issued a GBX 320 ($3.96) target price on shares of Grainger PLC in a research note on Friday, September 30th. Finally, Jefferies Group reduced 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 research note on Friday, August 19th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of GBX 265.43 ($3.29).
Shares of Grainger PLC (LON:GRI) traded down 1.29% on Tuesday, hitting GBX 221.80. 295,380 shares of the company traded hands. Grainger PLC has a 1-year low of GBX 193.00 and a 1-year high of GBX 253.00. The stock’s market capitalization is GBX 918.03 million. The firm’s 50 day moving average price is GBX 229.30 and its 200-day moving average price is GBX 225.07.
In other news, insider Jopling ,Nick purchased 204 shares of the business’s stock in a transaction dated 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). Also, insider Nick Jopling purchased 192 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were purchased at an average price of GBX 233 ($2.88) per share, for a total transaction of £447.36 ($553.66).
About Grainger PLC
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