Peel Hunt Cuts Grainger (LON:GRI) Price Target to GBX 200

Grainger (LON:GRI) had its price target reduced by Peel Hunt from GBX 220 to GBX 200 in a research report sent to investors on Thursday, Marketbeat Ratings reports. They currently have a hold rating on the stock.

Separately, Jefferies Financial Group upped their price target on Grainger from GBX 267 to GBX 270 and gave the company a “buy” rating in a report on Tuesday, October 28th. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat, Grainger has an average rating of “Moderate Buy” and a consensus price target of GBX 235.

Grainger Stock Down 1.3%

GRI stock opened at GBX 194.40 on Thursday. Grainger has a 1-year low of GBX 118.30 and a 1-year high of GBX 230. The company has a current ratio of 4.49, a quick ratio of 0.87 and a debt-to-equity ratio of 84.49. The business’s 50 day simple moving average is GBX 185.11 and its 200 day simple moving average is GBX 193.85. The firm has a market capitalization of £1.44 billion, a PE ratio of 7.12, a PEG ratio of 1.51 and a beta of 0.71.

Grainger (LON:GRI) last released its earnings results on Thursday, November 20th. The company reported GBX 9.30 EPS for the quarter. Grainger had a negative net margin of 0.40% and a negative return on equity of 0.06%. As a group, research analysts anticipate that Grainger will post 10.4590732 EPS for the current year.

Insider Activity at Grainger

In related news, insider Robert Hudson sold 25,820 shares of the firm’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of GBX 181, for a total value of £46,734.20. Also, insider Helen Gordon sold 92,066 shares of Grainger stock in a transaction that occurred on Tuesday, December 23rd. The stock was sold at an average price of GBX 181, for a total transaction of £166,639.46. In the last 90 days, insiders bought 16,457 shares of company stock worth $3,059,848. 1.44% of the stock is owned by corporate insiders.

Grainger Company Profile

Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK’s largest listed residential landlord, a Real Estate Investment Trust (REIT) and a leader in the fast-growing build-to-rent sector, providing c.11,000 rental homes to over 25,000 customers. With a pipeline of secured build-to-rent development projects totalling c.4,300 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.

Grainger works in partnership with a large number of public sector organisations to deliver new homes to local communities, including Transport for London, Network Rail, the Ministry of Defence, Lewisham Borough Council and the Local Pensions Partnership.

The Grainger team is dedicated to the common purpose of Renting Homes, Enriching Lives, backed by a set of core values.