Grainger’s (GRI) Buy Rating Reiterated at Jefferies Financial Group

Grainger (LON:GRI)‘s stock had its “buy” rating restated by investment analysts at Jefferies Financial Group in a research note issued on Thursday, Digital Look reports. They currently have a GBX 200 price objective on the stock. Jefferies Financial Group’s price target would suggest a potential upside of 13.38% from the company’s current price.

Separately, Deutsche Bank Aktiengesellschaft decreased their price objective on Grainger from GBX 238 to GBX 224 and set a “buy” rating for the company in a research note on Monday, August 3rd. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, Grainger currently has a consensus rating of “Moderate Buy” and a consensus target price of GBX 220.80.

Grainger Stock Up 0.1%

GRI stock traded up GBX 0.20 during midday trading on Thursday, hitting GBX 176.40. The company’s stock had a trading volume of 7,809,957 shares, compared to its average volume of 11,315,241. The firm has a 50-day simple moving average of GBX 169.33 and a 200-day simple moving average of GBX 167.38. The firm has a market capitalization of £1.31 billion, a P/E ratio of 9.97, a PEG ratio of 1.51 and a beta of 0.78. 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 52-week low of GBX 149.44 and a 52-week high of GBX 202.79.

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.