N+1 Singer Reiterates Buy Rating for Grainger PLC (GRI)
Grainger PLC (LON:GRI)‘s stock had its “buy” rating reiterated by research analysts at N+1 Singer in a research note issued to investors on Monday. They presently have a GBX 320 ($3.97) price objective on the stock. N+1 Singer’s target price would suggest a potential upside of 42.35% from the company’s previous close.
Other research analysts have also issued reports about the company. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 300 ($3.72) price objective on shares of Grainger PLC in a report on Tuesday, October 11th. Jefferies Group reaffirmed a “hold” rating and issued a GBX 199 ($2.47) price objective on shares of Grainger PLC in a report on Thursday, October 27th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 250 ($3.10) price objective on shares of Grainger PLC in a report on Tuesday, October 11th. Finally, JPMorgan Chase & Co. lowered Grainger PLC to a “neutral” rating and reduced their target price for the stock from GBX 285 ($3.54) to GBX 270 ($3.35) in a report on Tuesday, September 6th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of GBX 265.43 ($3.29).
Shares of Grainger PLC (LON:GRI) opened at 223.80 on Monday. The stock has a 50 day moving average of GBX 219.99 and a 200 day moving average of GBX 224.19. Grainger PLC has a 52 week low of GBX 193.00 and a 52 week high of GBX 249.00. The firm’s market cap is GBX 926.31 million.
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In other Grainger PLC news, insider Nick Jopling acquired 192 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The stock was acquired at an average cost of GBX 233 ($2.89) per share, for a total transaction of £447.36 ($554.97).
About Grainger PLC
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