Jefferies Financial Group Reaffirms “Buy” Rating for Grainger (LON:GRI)

Grainger (LON:GRI)‘s stock had its “buy” rating reiterated by analysts at Jefferies Financial Group in a research report issued on Monday, London Stock Exchange reports. They presently have a GBX 210 target price on the stock. Jefferies Financial Group’s price target would indicate a potential upside of 23.12% from the stock’s current price.

Several other analysts have also issued reports on the company. Deutsche Bank Aktiengesellschaft lowered their target price on Grainger from GBX 238 to GBX 224 and set a “buy” rating on the stock in a research note on Monday, August 3rd. Berenberg Bank cut their price target on Grainger from GBX 285 to GBX 227 and set a “buy” rating for the company in a research note on Wednesday, May 27th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of GBX 222.80.

Grainger Stock Up 1.5%

Grainger stock opened at GBX 170.56 on Monday. 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 market capitalization of £1.26 billion, a P/E ratio of 9.64, a P/E/G ratio of 1.51 and a beta of 0.78. The firm has a 50 day moving average price of GBX 174.06 and a 200-day moving average price of GBX 169.95. Grainger has a twelve month low of GBX 118.30 and a twelve month high of GBX 202.79.

About Grainger

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.