Deutsche Bank Aktiengesellschaft Cuts Grainger (LON:GRI) Price Target to GBX 238

Grainger (LON:GRI) had its target price dropped by analysts at Deutsche Bank Aktiengesellschaft from GBX 336 to GBX 238 in a research report issued on Friday,London Stock Exchange reports. The firm presently has a “buy” rating on the stock. Deutsche Bank Aktiengesellschaft’s target price suggests a potential upside of 57.20% from the stock’s previous close.

Several other analysts also recently weighed in on GRI. Citigroup lowered their target price on shares of Grainger from GBX 298 to GBX 253 and set a “buy” rating on the stock in a report on Thursday, April 2nd. Jefferies Financial Group reduced their price objective on shares of Grainger from GBX 232 to GBX 210 and set a “buy” rating for the company in a research report on Friday. Finally, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 285 price objective on shares of Grainger in a report on Thursday. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of GBX 237.20.

Grainger Stock Performance

Shares of LON GRI traded down GBX 5.30 during mid-day trading on Friday, hitting GBX 151.40. 10,457,005 shares of the company were exchanged, compared to its average volume of 3,778,546. The stock has a 50 day simple moving average of GBX 167.87 and a 200-day simple moving average of GBX 181.13. Grainger has a 1-year low of GBX 118.30 and a 1-year high of GBX 230. The company has a quick ratio of 0.87, a current ratio of 2.71 and a debt-to-equity ratio of 78.26. The firm has a market cap of £1.12 billion, a price-to-earnings ratio of 5.55, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78.

Grainger (LON:GRI) last announced its quarterly earnings data on Thursday, May 14th. The company reported GBX 4.20 earnings per share (EPS) for the quarter. The company had revenue of £113.70 million for the quarter. Grainger had a net margin of 77.24% and a return on equity of 10.25%. On average, sell-side analysts forecast that Grainger will post 10.4590732 EPS for the current fiscal year.

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.