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Analysts Offer Insights on Industrial Goods Companies: EasyJet (OtherEJTTF) and Grindrod Shipping Holdings (GRIN)

Companies in the Industrial Goods sector have received a lot of coverage today as analysts weigh in on EasyJet (EJTTFResearch Report) and Grindrod Shipping Holdings (GRINResearch Report).

EasyJet (EJTTF)

In a report released today, Jarrod Castle from UBS maintained a Buy rating on EasyJet, with a price target of £5.65. The company’s shares closed last Wednesday at $3.32, equals to its 52-week low of $3.32.

Castle has an average return of 9.5% when recommending EasyJet.

According to TipRanks.com, Castle is ranked #5647 out of 7976 analysts.

Currently, the analyst consensus on EasyJet is a Moderate Buy with an average price target of $6.34, implying a 102.9% upside from current levels. In a report issued on October 4, Bernstein also maintained a Buy rating on the stock with a £7.50 price target.

See today’s best-performing stocks on TipRanks >>

Grindrod Shipping Holdings (GRIN)

Grindrod Shipping Holdings received a Hold rating from Noble Financial analyst Michael Heim today. The company’s shares closed last Wednesday at $25.57.

According to TipRanks.com, Heim is a top 100 analyst with an average return of 51.2% and a 40.0% success rate. Heim covers the Industrial Goods sector, focusing on stocks such as Eagle Bulk Shipping, Seanergy Maritime, and Genco Shipping.

Grindrod Shipping Holdings has an analyst consensus of Moderate Buy, with a price target consensus of $32.00.

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