Trade Report: Today: Grainger PLC (GRI) Given “Buy” Rating at N+1 Singer

Today: Grainger PLC (GRI) Given “Buy” Rating at N+1 Singer

Grainger PLC (LON:GRI)‘s stock had its “buy” rating restated by equities researchers at N+1 Singer in a report released on Monday. They presently have a GBX 320 ($4.00) price target on the stock. N+1 Singer’s price objective indicates a potential upside of 45.22% from the stock’s previous close.

Several other equities research analysts have also issued reports on the company. Jefferies Group reissued a “hold” rating and set a GBX 199 ($2.49) price target on shares of Grainger PLC in a research report on Thursday, October 27th. Numis Securities Ltd reissued a “buy” rating and set a GBX 300 ($3.75) price target on shares of Grainger PLC in a research report on Tuesday, October 11th. Peel Hunt reissued a “hold” rating and set a GBX 250 ($3.12) price target on shares of Grainger PLC in a research report on Tuesday, October 11th. Finally, JPMorgan Chase & Co. lowered Grainger PLC to a “neutral” rating and dropped their price target for the company from GBX 285 ($3.56) to GBX 270 ($3.37) in a research report on Tuesday, September 6th. Four equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of GBX 265.43 ($3.32).

Shares of Grainger PLC (LON:GRI) opened at 224.00 on Monday. The firm’s 50 day moving average is GBX 220.19 and its 200 day moving average is GBX 224.23. Grainger PLC has a 12 month low of GBX 193.00 and a 12 month high of GBX 249.00. The stock’s market capitalization is GBX 927.13 million.

In other Grainger PLC news, insider Jopling ,Nick purchased 192 shares of the stock in a transaction dated Tuesday, September 6th. The shares were bought at an average cost of GBX 237 ($2.96) per share, with a total value of £455.04 ($568.52).

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