The Grainger PLC (GRI) Insider Acquires £447.36 in Stock

The Grainger PLC (GRI) Insider Acquires £447.36 in Stock

Grainger PLC (LON:GRI) insider Nick Jopling acquired 192 shares of the stock in a transaction dated Monday, October 3rd. The shares were acquired at an average cost of GBX 233 ($3.04) per share, with a total value of £447.36 ($583.94).

Grainger PLC (LON:GRI) traded down 1.56% during trading on Wednesday, reaching GBX 233.70. The company had a trading volume of 209,481 shares. The stock’s market cap is GBX 967.28 million. Grainger PLC has a 12-month low of GBX 193.00 and a 12-month high of GBX 253.00. The firm has a 50-day moving average price of GBX 229.02 and a 200 day moving average price of GBX 224.88.

Several analysts have recently weighed in on the company. Numis Securities Ltd reissued a “buy” rating and issued a GBX 300 ($3.92) target price on shares of Grainger PLC in a report on Friday, June 10th. JPMorgan Chase & Co. raised Grainger PLC to an “overweight” rating and boosted their target price for the company from GBX 260 ($3.39) to GBX 285 ($3.72) in a report on Wednesday, June 22nd. N+1 Singer reissued a “buy” rating and issued a GBX 320 ($4.18) target price on shares of Grainger PLC in a report on Friday, September 30th. Finally, Jefferies Group reduced their target price on Grainger PLC from GBX 215 ($2.81) to GBX 199 ($2.60) 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 issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of GBX 265.43 ($3.46).

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