Grainger (LON:GRI) Price Target Cut to GBX 227 by Analysts at Berenberg Bank

Grainger (LON:GRI) had its price target decreased by equities researchers at Berenberg Bank from GBX 285 to GBX 227 in a research report issued to clients and investors on Wednesday,Digital Look reports. The firm presently has a “buy” rating on the stock. Berenberg Bank’s target price indicates a potential upside of 44.31% from the stock’s current price.

Other research analysts have also recently issued research reports about the stock. Jefferies Financial Group reduced their price target on shares of Grainger from GBX 232 to GBX 210 and set a “buy” rating for the company in a report on Friday, May 15th. Citigroup reduced their price target on shares of Grainger from GBX 298 to GBX 253 and set a “buy” rating for the company in a report on Thursday, April 2nd. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Grainger from GBX 336 to GBX 238 and set a “buy” rating for the company in a report on Friday, May 15th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 225.60.

Grainger Stock Up 1.5%

Grainger stock opened at GBX 157.30 on Wednesday. The stock has a market capitalization of £1.16 billion, a PE ratio of 5.76, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. Grainger has a twelve month low of GBX 118.30 and a twelve month high of GBX 226.50. The company has a quick ratio of 0.87, a current ratio of 2.04 and a debt-to-equity ratio of 83.71. The company has a 50 day moving average of GBX 163.98 and a 200-day moving average of GBX 179.08.

Grainger (LON:GRI) last released its quarterly earnings results on Thursday, May 14th. The company reported GBX 4.20 earnings per share for the quarter. The company had revenue of £113.70 million during the quarter. Grainger had a net margin of 54.91% and a return on equity of 6.53%. On average, equities research analysts anticipate 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.