Grainger PLC (GRI) Given “Buy” Rating at N+1 Singer
Grainger PLC (LON:GRI)‘s stock had its “buy” rating reissued by N+1 Singer in a note issued to investors on Monday. They currently have a GBX 320 ($4.00) price target on the stock. N+1 Singer’s price target would suggest a potential upside of 45.22% from the stock’s previous close.
Other equities analysts have also recently issued reports about the stock. JPMorgan Chase & Co. cut shares of Grainger PLC to a “neutral” rating and cut their target price for the company from GBX 285 ($3.56) to GBX 270 ($3.37) in a report on Tuesday, September 6th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 300 ($3.75) target price on shares of Grainger PLC in a report on Tuesday, October 11th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 250 ($3.12) target price on shares of Grainger PLC in a report on Tuesday, October 11th. Finally, Jefferies Group reaffirmed a “hold” rating and issued a GBX 199 ($2.49) target price on shares of Grainger PLC in a report on Thursday, October 27th. 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 currently has a consensus rating of “Hold” and an average price target of GBX 265.43 ($3.32).
Grainger PLC (LON:GRI) opened at 224.00 on Monday. The firm’s market capitalization is GBX 927.13 million. Grainger PLC has a 52-week low of GBX 193.00 and a 52-week high of GBX 249.00. The firm’s 50-day moving average is GBX 220.19 and its 200-day moving average is GBX 224.23.
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In other news, insider Nick Jopling acquired 192 shares of the stock in a transaction that occurred on Monday, October 3rd. The shares were purchased at an average cost of GBX 233 ($2.91) per share, for a total transaction of £447.36 ($558.92).
About Grainger PLC
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