Grainger PLC (GRI) Earns “Buy” Rating from N+1 Singer

N+1 Singer reiterated their buy rating on shares of Grainger PLC (LON:GRI) in a research report report published on Tuesday morning. They currently have a GBX 320 ($3.96) target price on the stock.

Several other research analysts have also issued reports on GRI. JPMorgan Chase & Co. upgraded shares of Grainger PLC to an overweight rating and increased their price target for the stock from GBX 260 ($3.22) to GBX 285 ($3.53) in a research note on Wednesday, June 22nd. Jefferies Group decreased their price target 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 research note on Friday, August 19th. Peel Hunt restated a hold rating and set a GBX 250 ($3.09) price objective on shares of Grainger PLC in a research note on Tuesday. Finally, Numis Securities Ltd restated a buy rating and set a GBX 300 ($3.71) price objective on shares of Grainger PLC in a research note on Tuesday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Grainger PLC has a consensus rating of Hold and a consensus target price of GBX 265.43 ($3.29).

Analyst Recommendations for Grainger PLC (LON:GRI)

Grainger PLC (LON:GRI) opened at 219.90 on Tuesday. The stock’s market capitalization is GBX 910.16 million. The firm has a 50-day moving average of GBX 228.88 and a 200-day moving average of GBX 225.01. 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 purchased 192 shares of Grainger PLC stock in a transaction dated Tuesday, September 6th. The stock was purchased at an average cost of GBX 237 ($2.93) per share, for a total transaction of £455.04 ($563.17).

About Grainger PLC

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