Grainger (LON:GRI) Sets New 1-Year Low – Here’s What Happened

Grainger plc (LON:GRI)’s share price hit a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 149.44 and last traded at GBX 153.24, with a volume of 7380273 shares changing hands. The stock had previously closed at GBX 150.40.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on GRI. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Grainger from GBX 336 to GBX 238 and set a “buy” rating on the stock in a research report on Friday, May 15th. Berenberg Bank reduced their price objective on shares of Grainger from GBX 285 to GBX 227 and set a “buy” rating on the stock in a research report on Wednesday, May 27th. Jefferies Financial Group reduced their price objective on shares of Grainger from GBX 232 to GBX 210 and set a “buy” rating on the stock in a research report on Friday, May 15th. Finally, Citigroup reduced their price objective on shares of Grainger from GBX 298 to GBX 253 and set a “buy” rating on the stock in a research report on Thursday, April 2nd. Four equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of GBX 225.60.

Grainger Trading Up 1.9%

The company has a debt-to-equity ratio of 83.71, a quick ratio of 0.87 and a current ratio of 2.04. The stock’s 50-day simple moving average is GBX 161.77 and its 200-day simple moving average is GBX 176.87. The firm has a market capitalization of £1.13 billion, a PE ratio of 5.61, a P/E/G ratio of 1.51 and a beta of 0.78.

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