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

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

Grainger PLC (LON:GRI)‘s stock had its “buy” rating reiterated by stock analysts at N+1 Singer in a research note issued on Monday. They presently have a GBX 320 ($3.97) price objective on the stock. N+1 Singer’s target price points to a potential upside of 45.22% from the stock’s current price.

Several other research firms have also issued reports on GRI. Numis Securities Ltd reaffirmed a “buy” rating and issued a GBX 300 ($3.72) price target on shares of Grainger PLC in a research report on Tuesday, October 11th. Jefferies Group lowered their price target on Grainger PLC from GBX 215 ($2.67) to GBX 199 ($2.47) and set a “hold” rating for the company in a research report on Friday, August 19th. Peel Hunt reaffirmed a “hold” rating and issued a GBX 250 ($3.10) 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 lowered their price target for the stock from GBX 285 ($3.54) to GBX 270 ($3.35) in a research report on Tuesday, September 6th. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of GBX 265.43 ($3.29).

Grainger PLC (LON:GRI) traded up 1.13% during midday trading on Monday, reaching GBX 223.00. 1,219,801 shares of the company’s stock traded hands. Grainger PLC has a one year low of GBX 193.00 and a one year high of GBX 249.00. The stock’s 50 day moving average price is GBX 219.99 and its 200-day moving average price is GBX 224.19. The stock’s market cap is GBX 922.99 million.

In other news, insider Nick Jopling purchased 192 shares of the business’s stock in a transaction on Monday, October 3rd. The stock was acquired at an average cost of GBX 233 ($2.89) per share, for a total transaction of £447.36 ($554.97).

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