Grainger (LON:GRI) Given Buy Rating at Berenberg Bank

Grainger (LON:GRI)‘s stock had its “buy” rating restated by research analysts at Berenberg Bank in a note issued to investors on Thursday,Digital Look reports. They currently have a GBX 285 price objective on the stock. Berenberg Bank’s target price indicates a potential upside of 88.87% from the stock’s current price.

Separately, Citigroup cut their price objective on shares of Grainger from GBX 298 to GBX 253 and set a “buy” rating on the stock in a research note on Thursday, April 2nd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of GBX 252.

Grainger Stock Down 2.8%

GRI opened at GBX 150.90 on Thursday. The stock’s 50 day moving average price is GBX 168.36 and its 200 day moving average price is GBX 181.40. 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 stock has a market cap of £1.12 billion, a P/E ratio of 5.53, a P/E/G ratio of 1.51 and a beta of 0.78. Grainger has a 12 month low of GBX 118.30 and a 12 month high of GBX 230.

Grainger (LON:GRI) last announced its quarterly earnings results on Thursday, May 14th. The company reported GBX 4.20 earnings per share (EPS) for the quarter. Grainger had a return on equity of 10.25% and a net margin of 77.24%.The company had revenue of £113.70 million during the quarter. As a group, research analysts predict that Grainger will post 10.4590732 earnings per share 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.