Grainger (LON:GRI – Get Free Report)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a research note issued on Monday, Digital Look reports. They currently have a GBX 200 price objective on the stock. Jefferies Financial Group‘s target price would indicate a potential upside of 8.87% from the company’s current price.
Separately, Deutsche Bank Aktiengesellschaft reduced their price target on shares of Grainger from GBX 238 to GBX 224 and set a “buy” rating on the stock in a research report on Monday, August 3rd. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, Grainger has a consensus rating of “Moderate Buy” and an average target price of GBX 220.80.
Read Our Latest Research Report on GRI
Grainger Trading Up 1.9%
LON:GRI opened at GBX 183.70 on Monday. The company has a 50-day moving average price of GBX 170.37 and a 200-day moving average price of GBX 172.70. Grainger has a 12 month low of GBX 149.44 and a 12 month high of GBX 202.79. The company has a current ratio of 2.04, a quick ratio of 0.87 and a debt-to-equity ratio of 83.71. The stock has a market cap of £1.36 billion, a price-to-earnings ratio of 10.38, a P/E/G ratio of 1.51 and a beta of 0.78.
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.
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