Grainger PLC (GRI) Stock Rating Reaffirmed by Numis Securities Ltd

Grainger PLC (LON:GRI)‘s stock had its “buy” rating reaffirmed by equities researchers at Numis Securities Ltd in a research note issued on Thursday. They currently have a GBX 300 ($3.72) target price on the stock. Numis Securities Ltd’s price objective points to a potential upside of 33.16% from the company’s previous close.

Several other equities research analysts also recently issued reports on the company. Peel Hunt reaffirmed a “hold” rating and set a GBX 250 ($3.10) price target on shares of Grainger PLC in a report on Monday. N+1 Singer reissued a “buy” rating and set a GBX 320 ($3.97) target price on shares of Grainger PLC in a report on Monday. Jefferies Group reissued a “hold” rating and set a GBX 199 ($2.47) target price on shares of Grainger PLC in a report on Thursday, October 27th. Finally, JPMorgan Chase & Co. downgraded Grainger PLC to a “neutral” rating and dropped their target price for the stock from GBX 285 ($3.54) to GBX 270 ($3.35) in a report on Tuesday, September 6th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of GBX 265.43 ($3.29).

Analyst Recommendations for Grainger PLC (LON:GRI)

Shares of 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 company’s market cap is GBX 903.13 million. The firm’s 50-day moving average is GBX 219.99 and its 200-day moving average is GBX 224.19.

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In related news, insider Nick Jopling purchased 192 shares of the company’s stock in a transaction that occurred on Monday, October 3rd. The stock was acquired at an average price of GBX 233 ($2.89) per share, with a total value of £447.36 ($554.97).

Grainger PLC Company Profile

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