Wall Street is positive on Grindrod Shipping Holdings Ltd (GRIN). On average, analysts give GRIN a Strong Buy rating. The average price target is $8, which means analysts expect the stock to climb by 122.22% over the next twelve months.
That average ranking earns GRIN an Analyst Rating of 80, which is better than 80% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Grindrod Shipping Holdings Ltd Stock Today?
Grindrod Shipping Holdings Ltd (GRIN) stock is trading at $3.60 as of 1:24 PM on Friday, Sep 4, a rise of $0.26, or 7.78% from the previous closing price of $3.34. The stock has traded between $3.48 and $3.71 so far today. Volume today is light. So far 31,930 shares have traded compared to average volume of 66,916 shares.
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