Grainger PLC (GRI) Stock Rating Reaffirmed by Peel Hunt
Grainger PLC (LON:GRI)‘s stock had its “hold” rating restated by investment analysts at Peel Hunt in a report released on Monday. They presently have a GBX 250 ($3.12) price objective on the stock. Peel Hunt’s target price indicates a potential upside of 13.46% from the company’s previous close.
Several other equities analysts have also recently issued reports on the company. N+1 Singer reissued a “buy” rating and issued a GBX 320 ($4.00) price objective on shares of Grainger PLC in a report on Monday. Jefferies Group reissued a “hold” rating and issued a GBX 199 ($2.49) price objective on shares of Grainger PLC in a report on Thursday, October 27th. Numis Securities Ltd reissued a “buy” rating and issued a GBX 300 ($3.75) price objective on shares of Grainger PLC in a report on Tuesday, October 11th. Finally, JPMorgan Chase & Co. cut Grainger PLC to a “neutral” rating and decreased their price objective for the company from GBX 285 ($3.56) to GBX 270 ($3.37) in a report on Tuesday, September 6th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of GBX 265.43 ($3.32).
Grainger PLC (LON:GRI) opened at 224.30 on Monday. The company’s 50-day moving average price is GBX 220.19 and its 200-day moving average price is GBX 224.23. The company’s market capitalization is GBX 928.38 million. Grainger PLC has a 52 week low of GBX 193.00 and a 52 week high of GBX 249.00.
In related news, insider Nick Jopling purchased 192 shares of the company’s stock in a transaction dated Monday, October 3rd. The stock was acquired 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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