Grainger PLC (LON:GRI)‘s stock had its “hold” rating reissued by investment analysts at Peel Hunt in a research report issued on Monday. They currently have a GBX 250 ($3.12) target price on the stock. Peel Hunt’s price objective would indicate a potential upside of 13.46% from the company’s previous close.
Other equities research analysts also recently issued reports about the stock. JPMorgan Chase & Co. downgraded shares of Grainger PLC to a “neutral” rating and reduced their price target for the company from GBX 285 ($3.56) to GBX 270 ($3.37) in a research report on Tuesday, September 6th. N+1 Singer reissued a “buy” rating and set a GBX 320 ($4.00) price objective on shares of Grainger PLC in a research note on Friday, September 30th. Jefferies Group dropped their price objective on shares of Grainger PLC from GBX 215 ($2.69) to GBX 199 ($2.49) and set a “hold” rating for the company in a research note on Friday, August 19th. Finally, Numis Securities Ltd reissued a “buy” rating and set a GBX 300 ($3.75) price objective on shares of Grainger PLC in a research note on Tuesday, October 11th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Grainger PLC presently has a consensus rating of “Hold” and an average target price of GBX 265.43 ($3.32).
Grainger PLC (LON:GRI) opened at 224.30 on Monday. The company has a 50-day moving average price of GBX 220.19 and a 200-day moving average price of GBX 224.23. The firm’s market capitalization is GBX 928.38 million. Grainger PLC has a 12-month low of GBX 193.00 and a 12-month high of GBX 249.00.
In other news, insider Nick Jopling bought 192 shares of the stock in a transaction on Monday, October 3rd. The stock was purchased at an average cost of GBX 233 ($2.91) per share, with a total value of £447.36 ($558.92).