N+1 Singer Reiterates Buy Rating for Grainger PLC (GRI)

Grainger PLC (LON:GRI)‘s stock had its “buy” rating reiterated by stock analysts at N+1 Singer in a note issued to investors on Friday. They presently have a GBX 320 ($4.18) price objective on the stock. N+1 Singer’s target price suggests a potential upside of 36.93% from the company’s previous close.

Several other analysts also recently commented on the stock. JPMorgan Chase & Co. downgraded shares of Grainger PLC to a “neutral” rating and decreased their price objective for the company from GBX 285 ($3.72) to GBX 270 ($3.52) in a research report on Tuesday, September 6th. Jefferies Group decreased their price objective on shares of Grainger PLC from GBX 215 ($2.81) to GBX 199 ($2.60) and set a “hold” rating on the stock in a research report on Friday, August 19th. Finally, Numis Securities Ltd restated a “buy” rating and set a GBX 300 ($3.92) price objective on shares of Grainger PLC in a research report on Friday, June 10th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Grainger PLC currently has an average rating of “Hold” and an average target price of GBX 265.43 ($3.46).

Grainger PLC (LON:GRI) opened at 239.90 on Friday. The stock’s 50 day moving average is GBX 228.87 and its 200 day moving average is GBX 224.83. Grainger PLC has a 52 week low of GBX 193.00 and a 52 week high of GBX 253.00. The company’s market capitalization is GBX 992.94 million.

In other Grainger PLC news, insider Jopling ,Nick acquired 192 shares of the company’s stock in a transaction on Tuesday, September 6th. The stock was acquired at an average cost of GBX 237 ($3.09) per share, with a total value of £455.04 ($593.97).

Grainger PLC Company Profile

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