Grainger PLC (LON:GRI)‘s stock had its “hold” rating reissued by equities research analysts at Peel Hunt in a report issued on Monday. They currently have a GBX 250 ($3.12) price target on the stock. Peel Hunt’s price objective indicates a potential upside of 13.46% from the stock’s current price.
A number of other research firms have also weighed in on GRI. JPMorgan Chase & Co. lowered shares of Grainger PLC to a “neutral” rating and lowered their price objective for the company from GBX 285 ($3.56) to GBX 270 ($3.37) in a research report on Tuesday, September 6th. N+1 Singer reiterated a “buy” rating and issued a GBX 320 ($4.00) price objective on shares of Grainger PLC in a research report on Friday, September 30th. Jefferies Group lowered their price objective on shares of Grainger PLC from GBX 215 ($2.69) to GBX 199 ($2.49) and set a “hold” rating on the stock in a research report on Friday, August 19th. Finally, Numis Securities Ltd reiterated a “buy” rating and issued a GBX 300 ($3.75) price objective on shares of Grainger PLC in a research report on Tuesday, October 11th. 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 currently has an average rating of “Hold” and an average target price of GBX 265.43 ($3.32).
Shares of Grainger PLC (LON:GRI) opened at 224.30 on Monday. The stock’s market cap is GBX 928.38 million. The company has a 50 day moving average of GBX 220.19 and a 200-day moving average of GBX 224.23. Grainger PLC has a one year low of GBX 193.00 and a one year high of GBX 249.00.
In other news, insider Nick Jopling purchased 192 shares of the business’s stock in a transaction dated Monday, October 3rd. The stock was acquired at an average price of GBX 233 ($2.91) per share, with a total value of £447.36 ($558.92).