Grainger (LON:GRI) Price Target Lowered to GBX 253 at Citigroup

Grainger (LON:GRI) had its price target reduced by Citigroup from GBX 298 to GBX 253 in a research report issued on Thursday,London Stock Exchange reports. The brokerage presently has a “buy” rating on the stock. Citigroup’s price target would suggest a potential upside of 53.33% from the company’s previous close.

A number of other equities analysts have also recently weighed in on the company. Peel Hunt decreased their price objective on Grainger from GBX 220 to GBX 200 and set a “hold” rating on the stock in a report on Thursday, January 8th. Berenberg Bank upped their target price on Grainger from GBX 260 to GBX 285 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of GBX 252.

Grainger Price Performance

GRI stock remained flat at GBX 165 during mid-day trading on Thursday. The company’s stock had a trading volume of 1,344,059 shares, compared to its average volume of 3,730,110. The company has a debt-to-equity ratio of 78.26, a current ratio of 2.71 and a quick ratio of 0.87. The firm’s 50 day simple moving average is GBX 183.09 and its two-hundred day simple moving average is GBX 185.94. Grainger has a 52-week low of GBX 118.30 and a 52-week high of GBX 230. The company has a market cap of £1.22 billion, a PE ratio of 6.04, a price-to-earnings-growth ratio of 1.51 and a beta of 0.76.

Insider Activity

In other news, insider Robert Hudson sold 46,435 shares of Grainger stock in a transaction dated Friday, February 6th. The stock was sold at an average price of GBX 189, for a total value of £87,762.15. Insiders bought 402 shares of company stock worth $74,774 over the last quarter. 1.46% of the stock is currently owned by company 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.