The Brokerages Set Grainger PLC (GRI) Target Price at $265.43

The Brokerages Set Grainger PLC (GRI) Target Price at $265.43

Grainger PLC (LON:GRI) has been given an average rating of “Hold” by the seven analysts that are presently covering the firm. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among analysts that have covered the stock in the last year is GBX 265.43 ($3.23).

Several equities research analysts recently commented on GRI shares. JPMorgan Chase & Co. cut Grainger PLC to a “neutral” rating and cut their price target for the company from GBX 285 ($3.47) to GBX 270 ($3.29) in a report on Tuesday, September 6th. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 300 ($3.66) price target on shares of Grainger PLC in a report on Tuesday, October 11th. N+1 Singer reaffirmed a “buy” rating and issued a GBX 320 ($3.90) price target on shares of Grainger PLC in a report on Friday, September 30th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 250 ($3.05) price target on shares of Grainger PLC in a report on Tuesday, October 11th. Finally, Jefferies Group cut their price target on Grainger PLC from GBX 215 ($2.62) to GBX 199 ($2.43) and set a “hold” rating for the company in a report on Friday, August 19th.

In other news, insider Nick Jopling purchased 192 shares of the stock in a transaction dated Monday, October 3rd. The stock was acquired at an average cost of GBX 233 ($2.84) per share, for a total transaction of £447.36 ($545.23). Also, insider Jopling ,Nick purchased 204 shares of the stock in a transaction dated Wednesday, August 3rd. The shares were purchased at an average price of GBX 219 ($2.67) per share, with a total value of £446.76 ($544.50).

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