Grainger (LON:GRI) Stock Passes Above Two Hundred Day Moving Average – Here’s Why

Shares of Grainger plc (LON:GRI) crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 174.15 and traded as high as GBX 177.60. Grainger shares last traded at GBX 175.70, with a volume of 1,180,589 shares.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the company. Citigroup reduced their price objective on Grainger from GBX 298 to GBX 253 and set a “buy” rating for the company in a research note on Thursday, April 2nd. Deutsche Bank Aktiengesellschaft decreased their target price on shares of Grainger from GBX 336 to GBX 238 and set a “buy” rating for the company in a research note on Friday, May 15th. Jefferies Financial Group lowered their target price on shares of Grainger from GBX 232 to GBX 210 and set a “buy” rating on the stock in a research note on Friday, May 15th. Finally, Berenberg Bank dropped their price objective on Grainger from GBX 285 to GBX 227 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 225.60.

Grainger Stock Up 0.3%

The stock has a market capitalization of £1.30 billion, a price-to-earnings ratio of 6.44, a price-to-earnings-growth ratio of 1.51 and a beta of 0.78. The business’s 50-day moving average is GBX 163.36 and its two-hundred day moving average is GBX 174.15. The company has a quick ratio of 0.87, a current ratio of 2.04 and a debt-to-equity ratio of 83.71.

Grainger (LON:GRI) last released its quarterly earnings data on Thursday, May 14th. The company reported GBX 4.20 earnings per share for the quarter. The company had revenue of £113.70 million for the quarter. Grainger had a return on equity of 6.53% and a net margin of 54.91%. Equities analysts anticipate that Grainger plc will post 10.4590732 EPS for the current 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.