Grainger PLC (GRI) Stock Rating Reaffirmed by Numis Securities Ltd
Grainger PLC (LON:GRI)‘s stock had its “buy” rating reaffirmed by investment analysts at Numis Securities Ltd in a research report issued to clients and investors on Thursday. They currently have a GBX 300 ($3.72) price objective on the stock. Numis Securities Ltd’s price target suggests a potential upside of 33.16% from the stock’s current price.
A number of other analysts have also recently weighed in on the stock. Jefferies Group reduced their price objective on shares of Grainger PLC from GBX 215 ($2.67) to GBX 199 ($2.47) and set a “hold” rating for the company in a research note on Friday, August 19th. N+1 Singer restated a “buy” rating and issued a GBX 320 ($3.97) price objective on shares of Grainger PLC in a research note on Tuesday, October 11th. JPMorgan Chase & Co. cut shares of Grainger PLC to a “neutral” rating and reduced their price objective for the stock from GBX 285 ($3.54) to GBX 270 ($3.35) in a research note on Tuesday, September 6th. Finally, Peel Hunt restated a “hold” rating and issued a GBX 250 ($3.10) price objective on shares of Grainger PLC in a research note on Monday. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of GBX 265.43 ($3.29).
Grainger PLC (LON:GRI) opened at 218.20 on Thursday. Grainger PLC has a one year low of GBX 193.00 and a one year high of GBX 249.00. The firm’s 50-day moving average is GBX 219.99 and its 200 day moving average is GBX 224.19. The firm’s market capitalization is GBX 903.13 million.
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In other Grainger PLC news, insider Jopling ,Nick purchased 192 shares of the stock in a transaction on Tuesday, September 6th. The shares were purchased at an average price of GBX 237 ($2.94) per share, with a total value of £455.04 ($564.50).
About Grainger PLC
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