What is Wall Street's Target Price for Grindrod Shipping Holdings Ltd (GRIN) Stock Tuesday?

Wall Street is positive on Grindrod Shipping Holdings Ltd (GRIN). On average, analysts give GRIN a Strong Buy rating. The average price target is $28.5, which means analysts expect the stock to increase by 4.47% over the next twelve months. That average ranking earns GRIN an Analyst Rating of 72, which is better than 72% of stocks based on data compiled by InvestorsObserver.

Wall Street analysts are rating GRIN a Strong Buy today. Find out what this means to you and get the rest of the rankings on GRIN!

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Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Grindrod Shipping Holdings Ltd Stock Today?

Grindrod Shipping Holdings Ltd (GRIN) stock is trading at $27.28 as of 10:21 AM on Tuesday, May 24, a decline of -$0.22, or -0.8% from the previous closing price of $27.50. The stock has traded between $27.11 and $28.69 so far today. Volume today is less active than usual. So far 151,435 shares have traded compared to average volume of 408,853 shares. Click Here to get the full Stock Report for Grindrod Shipping Holdings Ltd stock.