Grainger PLC (GRI) Receives Average Recommendation of “Hold” from Brokerages
Shares of Grainger PLC (LON:GRI) have received a consensus rating of “Hold” from the seven ratings firms that are currently covering the firm. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is GBX 265.43 ($3.32).
A number of equities analysts recently commented on GRI shares. Jefferies Group lowered their target price on shares of Grainger PLC from GBX 215 ($2.69) to GBX 199 ($2.49) and set a “hold” rating for the company in a research note on Friday, August 19th. JPMorgan Chase & Co. downgraded shares of Grainger PLC to a “neutral” rating and lowered their target price for the stock from GBX 285 ($3.56) to GBX 270 ($3.37) in a research note on Tuesday, September 6th. N+1 Singer reiterated a “buy” rating and set a GBX 320 ($4.00) target price on shares of Grainger PLC in a research note on Friday, September 30th. Peel Hunt reiterated a “hold” rating and set a GBX 250 ($3.12) target price on shares of Grainger PLC in a research note on Tuesday, October 11th. Finally, Numis Securities Ltd reiterated a “buy” rating and set a GBX 300 ($3.75) target price on shares of Grainger PLC in a research note on Tuesday, October 11th.
In other Grainger PLC news, insider Jopling ,Nick bought 192 shares of Grainger PLC stock in a transaction dated Tuesday, September 6th. The stock was acquired at an average cost of GBX 237 ($2.96) per share, with a total value of £455.04 ($568.52).
Shares of Grainger PLC (LON:GRI) opened at 217.10 on Thursday. The firm’s 50-day moving average price is GBX 221.40 and its 200 day moving average price is GBX 224.25. Grainger PLC has a 12-month low of GBX 193.00 and a 12-month high of GBX 249.00. The company’s market cap is GBX 898.57 million.
Grainger PLC Company Profile
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