Numis Securities Ltd Reaffirms “Buy” Rating for Grainger PLC (GRI)
Grainger PLC (LON:GRI)‘s stock had its “buy” rating reissued by equities research analysts at Numis Securities Ltd in a research report issued to clients and investors on Tuesday. They currently have a GBX 300 ($3.71) target price on the stock. Numis Securities Ltd’s price objective would suggest a potential upside of 36.86% from the company’s current price.
A number of other research analysts have also issued reports on GRI. Peel Hunt reiterated a “hold” rating and issued a GBX 250 ($3.09) target price on shares of Grainger PLC in a report on Tuesday. Jefferies Group decreased their target price on Grainger PLC from GBX 215 ($2.66) to GBX 199 ($2.46) and set a “hold” rating for the company in a report on Friday, August 19th. N+1 Singer restated a “buy” rating and issued a GBX 320 ($3.96) price target on shares of Grainger PLC in a research note on Friday, September 30th. Finally, JPMorgan Chase & Co. upgraded Grainger PLC to an “overweight” rating and raised their price target for the company from GBX 260 ($3.22) to GBX 285 ($3.53) in a research note on Wednesday, June 22nd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock 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 224.20 on Tuesday. Grainger PLC has a 52 week low of GBX 193.00 and a 52 week high of GBX 253.00. The stock’s market cap is GBX 927.96 million. The stock has a 50 day moving average price of GBX 229.43 and a 200-day moving average price of GBX 225.04.
In other news, insider Jopling ,Nick bought 204 shares of the business’s stock in a transaction dated Wednesday, August 3rd. The shares were acquired at an average price of GBX 219 ($2.71) per share, for a total transaction of £446.76 ($552.92). Also, insider Nick Jopling bought 192 shares of the business’s stock in a transaction dated Monday, October 3rd. The shares were purchased at an average price of GBX 233 ($2.88) per share, for a total transaction of £447.36 ($553.66).
Grainger PLC Company Profile
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