Peel Hunt Reaffirms Hold Rating for Grainger PLC (GRI)
Several other research firms also recently weighed in on GRI. JPMorgan Chase & Co. upgraded shares of Grainger PLC to an overweight rating and raised their target price for the company from GBX 260 ($3.22) to GBX 285 ($3.53) in a report on Wednesday, June 22nd. N+1 Singer restated a buy rating and set a GBX 320 ($3.96) target price on shares of Grainger PLC in a report on Friday, September 30th. Finally, Jefferies Group dropped their target price on shares of 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. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The company has a consensus rating of Hold and an average price target of GBX 265.43 ($3.29).
Shares of Grainger PLC (LON:GRI) opened at 220.228226 on Tuesday. The stock has a 50 day moving average of GBX 228.52 and a 200-day moving average of GBX 224.98. The stock’s market capitalization is GBX 911.52 million. Grainger PLC has a 1-year low of GBX 193.00 and a 1-year high of GBX 253.00.
In related news, insider Jopling ,Nick bought 204 shares of the firm’s stock in a transaction that occurred on Wednesday, August 3rd. The shares were acquired at an average cost of GBX 219 ($2.71) per share, with a total value of £446.76 ($552.92). Also, insider Nick Jopling bought 192 shares of the firm’s stock in a transaction that occurred on Monday, October 3rd. The stock was bought at an average cost of GBX 233 ($2.88) per share, for a total transaction of £447.36 ($553.66).
Grainger PLC Company Profile
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