Analysts who follow Grindrod Shipping Holdings Ltd (GRIN) on average expect it to add 37.67% over the next twelve months. Those same analysts give the stock an average rating of Hold.
That average rating earns Grindrod Shipping Holdings Ltd an Analyst Ranking of 5, which means it ranks higher than 5 of stocks, based on data compiled by InvestorsObserver.
Wall Street analysts are rating GRIN a Hold today. Find out what this means to you and get the rest of the rankings on GRIN!
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 $9.08 as of 10:40 AM on Wednesday, Jan 10, a gain of $0.02, or 0.22% from the previous closing price of $9.06. Volume today is light. So far 5,980 shares have traded compared to average volume of 22,963 shares. The stock has traded between $9.08 and $9.50 so far today.
Click Here to get the full Stock Report for Grindrod Shipping Holdings Ltd stock.
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