Grainger (LON:GRI) Earns “Buy” Rating from Jefferies Financial Group

Grainger (LON:GRI)‘s stock had its “buy” rating reissued by equities research analysts at Jefferies Financial Group in a report released on Thursday, Digital Look reports. They currently have a GBX 200 price objective on the stock. Jefferies Financial Group’s target price suggests a potential upside of 13.51% from the stock’s previous close.

Separately, Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Grainger from GBX 238 to GBX 224 and set a “buy” rating for the company 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 company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of GBX 220.80.

Grainger Stock Up 3.1%

LON GRI traded up GBX 5.30 on Thursday, hitting GBX 176.20. 66,708,820 shares of the stock were exchanged, compared to its average volume of 11,637,851. The company has a quick ratio of 0.87, a current ratio of 2.04 and a debt-to-equity ratio of 83.71. Grainger has a fifty-two week low of GBX 149.44 and a fifty-two week high of GBX 202.79. The company has a market cap of £1.31 billion, a PE ratio of 9.95, a PEG ratio of 1.51 and a beta of 0.78. The company has a 50-day moving average price of GBX 169.33 and a 200-day moving average price of GBX 167.38.

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.