According to an update released by analysts at Stifel Nicolaus the broker has now set a ‘Hold’ rating on shares of W.W. Grainger (NYSE:GWW) with a price target of 216.
Stifel Nicolaus on Wednesday reiterated W.W. Grainger’s analyst rating as ‘Hold’ with its price target of 216 highlighting a potential increase of 5.21% from W.W. Grainger’s current price of 205.31.
Over the last twelve months W.W. Grainger’s stock price has increased from 197.47 to 205.31, a change of 3.97%.
W.W. Grainger has 60,422,000 shares in issue which have a share price of 205.31 giving W.W. Grainger a market capitalisation of 12.41B USD.
The company has a 50 day moving average of 222.13 and a 200 day moving average of 225.65. The 52 week high shares of W.W. Grainger have reached is 239.95 whilst the 52 week low for the company’s shares is 176.85.
W.W. Grainger, Inc. (Grainger) is a distributor of maintenance, repair and operating (MRO) supplies and other related products and services. The Company offers its products and services to businesses and institutions in the United States and Canada, with presence also in Europe, Asia and Latin America. Grainger operates through two segments: the United States and Canada. The United States segment offers a selection of maintenance, repair and operating supplies, and other related products and services. The Canada segment includes Acklands – Grainger Inc. (Ackland – Grainger), which is a distributor of industrial and safety supplies. The Company’s others businesses include The Fabory Group (Fabory), MonotaRO Co. (MonotaRO), Grainger Mexico and Zoro Tools, Inc. (Zoro). Fabory is a European distributor of fasteners, tools and industrial supplies. Zoro is an online distributor of MRO products serving businesses and consumers through its Website, Zoro.com.