Grainger (LON:GRI) Given New GBX 200 Price Target at Peel Hunt

Grainger (LON:GRI) had its price objective lowered by analysts at Peel Hunt from GBX 220 to GBX 200 in a report issued on Thursday,London Stock Exchange reports. The brokerage presently has a “hold” rating on the stock. Peel Hunt’s target price would indicate a potential upside of 1.52% from the company’s current price.

Separately, Jefferies Financial Group raised their price objective on shares of Grainger from GBX 267 to GBX 270 and gave the company a “buy” rating in a research report on Tuesday, October 28th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of GBX 235.

Grainger Stock Performance

Shares of LON:GRI traded up GBX 6.40 during midday trading on Thursday, reaching GBX 197. 8,005,411 shares of the company’s stock traded hands, compared to its average volume of 7,511,656. The company has a debt-to-equity ratio of 84.49, a quick ratio of 0.87 and a current ratio of 4.49. The company has a market cap of £1.46 billion, a price-to-earnings ratio of 7.22, a P/E/G ratio of 1.51 and a beta of 0.71. The stock has a 50 day moving average of GBX 184.81 and a 200 day moving average of GBX 194.18. Grainger has a one year low of GBX 118.30 and a one year high of GBX 230.

Grainger (LON:GRI) last released its quarterly earnings results on Thursday, November 20th. The company reported GBX 9.30 earnings per share (EPS) for the quarter. Grainger had a negative return on equity of 0.06% and a negative net margin of 0.40%. As a group, equities research analysts anticipate that Grainger will post 10.4590732 EPS for the current fiscal year.

Insider Buying and Selling

In other Grainger news, insider Robert Hudson sold 25,820 shares of the firm’s stock in a transaction dated Monday, December 22nd. The shares were sold at an average price of GBX 181, for a total value of £46,734.20. Also, insider Helen Gordon sold 92,066 shares of the company’s stock in a transaction that occurred on Tuesday, December 23rd. The shares were sold at an average price of GBX 181, for a total value of £166,639.46. Insiders have bought 16,457 shares of company stock valued at $3,059,848 in the last ninety days. 1.44% of the stock is owned by company insiders.

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.