Grainger (LON:GRI) Stock Price Passes Above 200-Day Moving Average – Time to Sell?

Grainger plc (LON:GRI)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 171.95 and traded as high as GBX 176. Grainger shares last traded at GBX 174.20, with a volume of 1,941,412 shares changing hands.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on GRI shares. Berenberg Bank dropped their price objective on shares of Grainger from GBX 285 to GBX 227 and set a “buy” rating on the stock in a report on Wednesday, May 27th. Jefferies Financial Group lowered their price target 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, Deutsche Bank Aktiengesellschaft lowered 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 issued a Hold rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of GBX 222.80.

Grainger Price Performance

The firm has a market capitalization of £1.29 billion, a PE ratio of 6.38, a P/E/G ratio of 1.51 and a beta of 0.78. The company has a debt-to-equity ratio of 83.71, a current ratio of 2.04 and a quick ratio of 0.87. The business’s 50 day moving average is GBX 172.39 and its two-hundred day moving average is GBX 171.79.

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.